Warren to Banks: Watch Out

or Register to post new content in the forum



  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Sep 17, 2010 1:40 pm

In a letter on the White House blog, Elizabeth Warren, who has been selected by President Obama to oversee the consumer protection agency, said she wants to eliminate confusing fine print in financial statements. “The new consumer bureau is based on a pretty simple idea:  people ought to be able to read their credit card and mortgage contracts and know the deal,” she says...

see my blog here for more:


Sep 17, 2010 3:33 pm

the link does not work

Sep 18, 2010 1:05 am

We make our kids brain dead in public high schools (no significant private sector competition) - providing no personal financial education.

Then, the nanny state chooses to roll out a top-down program that looks more like regulation and more layers of uncertainty - than basic financial education.

It's obvious that Warren is another Harvard crony who never ran a business and is experimenting with taxpayer dollars. Not impressed, and sick and tired of the hopey change  thing and all of the admiring subjects who appear to be waiting, once again, for the great (white) knight to coming riding in on (her) horse.

Sep 19, 2010 7:25 am

What;s the problem?  Does anyone on this forum feel like banks give them the honest pitch?

Sep 19, 2010 7:27 am

Is there anyone out there at Wells or ML who wouldn't be glad if Washington folks ripped the investment side out of the hands of the banks?