Elizabeth Warren ~ Strategy for Financial Markets: TARP Oversight

Strategy for Financial Markets: TARP Oversight - Elizabeth Warren (2009)



Warren opposed the 2010 U.S. Supreme Court Citizens United v. Federal Election Commission and supports the DISCLOSE Act which would limit the 2010 Supreme Court ruling.

Consumer Financial Protection Bureau

Warren was an early advocate for the creation of a new Consumer Financial Protection Bureau (CFPB). The bureau was established by the Dodd--Frank Wall Street Reform and Consumer Protection Act signed into law by President Obama in July 2010. In anticipation of the agency's formal opening, for the first year after the bill's signing, Warren worked on implementation of the bureau as a special assistant to the president. While liberal groups and consumer advocacy groups pushed for Obama to nominate Warren as the agency's permanent director, Warren was strongly opposed by financial institutions and by Republican members of Congress who believed Warren would be an overly zealous regulator.[14][15][16] Reportedly convinced that Warren could not win Senate confirmation as the bureau's first director,[17] Obama turned to former Ohio Attorney General Richard Cordray and in January 2012, over the objections of Republican Senators, appointed Cordray to the post in a "recess appointment".[18][19]
TARP oversight

On November 14, 2008, Warren was appointed by United States Senate Majority Leader Harry Reid to chair the five-member Congressional Oversight Panel created to oversee the implementation of the Emergency Economic Stabilization Act.[20] The Panel released monthly oversight reports that evaluated the government bailout and related programs.[21] During Warren's tenure, these reports covered foreclosure mitigation, consumer and small business lending, commercial real estate, AIG, bank stress tests, the impact of the Troubled Asset Relief Program (TARP) on the financial markets, government guarantees, the automotive industry, and other topics.[a]
Taxes

Warren supports the Buffett Rule, which would restore the Clinton tax rates on the top income bracket.

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