Elizabeth Warren Instagram – When a bunch of billionaires tell you they know what’s best for you, hang onto your wallet, writes @elizabethwarren in #GlobeOpinion.
CEOs have made big political donations hoping to buy a Congress and a president who will “delete” the Consumer Financial Protection Bureau.
The CFPB was created in 2010 in the aftermath of a huge cheating scandal that led to the 2008 housing crash. In “never again” mode, Congress created the CFPB as an independent agency with the power to stand up to giant corporations intent on cheating American consumers.
And it worked: The agency set standards so that people didn’t get fooled, and those rules drove the seedy, fly-by-night companies out of our markets, says Warren.
For years, when big banks would say “jump,” too many politicians would ask, “How high?” Trump promised change.
Will he decide to stand up to giant corporations to help the workers who voted for him or will he cower to the corporate billionaires?
Read more from @elizabethwarren’s essay at the link in our bio. | Posted on 12/Dec/2024 21:13:33
