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Elizabeth Warren Does What Hillary Clinton Could Never Do

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YellenWarrenw212h202Do you want to know why there's a draft Elizabeth Warren movement growing by leaps and bounds? The answer is found by simply watching the Massachusetts senator calmly, quietly, and succinctly destroy Fed Chairman Janet Yellen.

You don't have to know anything about banking and finance to understand Senator Warren spelling out precisely that the Federal Reserve Board is still not doing its job. They're kowtowing to the huge money institutions and allowing "too big to fail" to continue.

What's below is priceless. Smart as Hillary Clinton is,  she could never do this:

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Calling Robin Hood -- Nefarious Sheriff of Nottingham Has Just Returned

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Robin Hood

As a boy growing up outside Boston, I had a wild imagination and a lot of heroes. There was cowboy favorite Roy Rogers, future space adventurer, Buck Rogers, but most fun was the legendary outlaw, archer Robin Hood. He and his men (plus Maid Marion) were a band of outlaws who found ways to disrupt the mad rantings and oppressive actions of the evil and despotic Sheriff of Notttingham. Let's face it. Without a really awful foe, there's just not a great hero or heroes. And the meanest of the mean was the Sheriff raiding Sherwood Forest.

Paul RyanPAUL RYAN AKA SHERIFF OF NOTTINGHAM

With the good king Richard away fighting religious wars on behalf of  his people, the royal brother and evil, calculating Prince John took the reins of England and trampled justice wherever he found it. His pleasure was in sticking it to the masses and stripping them of all of their earthly possessions. And his did it with his man, the Sheriff of Nottingham.

The results were catastrophic for all but the rich. That select few thrived while the Sheriff demonstrated villainy at the highest level. This guy stopped at nothing as he represented the top 1% of the richest royals out there.

So much for folklore. Whether there really was a Robin Hood or a Sheriff of Nottingham is debatable. The same could be said for Superman, Mighty Mouse, even Underdog.

Mighty Mouse vs Underdog

To get a taste of what's going on in real life, we have to look at the real Sheriff of Nottingham who comes to us straight out of the the Sherwood forest of Wisconsin . The kings of the rich, the Koch Brothers, have deigned him with the powers of the purse-strings. The Sheriff is merely a puppet and he's doing their bidding. With the new Ryan budget, the GOP kings have unleashed the Sheriff on the US masses.

To provide more riches and power for the super rich, they want to destroy every and all of the people's programs of survival. They wish to cut Medicare, education funding and loans, Social Security, women's rights, Food assistance, and Health Care. In return the rich get tax relief and the poor get worse living conditions. It must sound fair if you're a royal, but most of us aren't.

There is a Robin Hood who is trying to once again split an arrow down the middle to show up the mad and unconscionable Sheriff Paul Ryan. He's Bernie Sanders. And if you want to see his proclamation of war against the evil doers and their merry band of morons, check this out:

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Sallie Mae Go Away

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Elizabeth Warren

Start with this jaw-dropping introduction by Huffpo:

Student loan giant Sallie Mae is currently under fire from lawmakers, federal regulators, consumer groups and student advocates for allegedly violating numerous consumer protection laws. The company is facing accusations that it cheats soldiers on active duty, engages in discriminatory lending, pushes borrowers into delinquency by improperly processing their monthly payments, and doesn't provide enough aid to borrowers in distress.

Then I say, screw them. No wonder Senator Elizabeth Warren has been calling for investigations into the student loan industry.

The U. S. Department of Education surely has options. Luckily there's a small window of opportunity here before the current contract with Sallie Mae is up in June.

The new contract, which would run through June 2019, is potentially worth hundreds of millions of dollars. Last year, Sallie Mae recorded $84 million in revenue from its Education Department contracts. But the company wants more.

In its latest annual report, released in February, Sallie Mae told investors that in the 2013 fiscal year, the Education Department was projected to originate more than $121 billion in new loans and dole out more than $1 billion in servicing and other fees -- a large slice of which Sallie Mae hoped to capture.

Why isn't the DofE out there soliciting bidders? Something's not right here -- and the implication from this perceived closed bidding is that there's some shenanigans going on here. If we're willing to offer bail outs and support a 'too big to fail' philosophy, why don't we support 'small enough to fail but small enough to care?' Why not a consortium of smaller financial institutions and investors who want to make big money?

Student loan default rates have become alarmingly high. But much of that could be attributed to the onerous overseeing of Sallie Mae and their untoward business practices. If Sallie Mae cheats, why reward them?

Even better put is Senator Warren's comments:

The agency has yet to respond to a Sept. 19 letter from Sen. Elizabeth Warren (D-Mass.) criticizing it for its apparent inability to hold Sallie Mae accountable, despite what Warren described as a “pattern of breaking the rules and ignoring its contractual obligations.”

If Sallie Mae’s past actions have not warranted an end to its federal contracts, Warren asked Education Secretary Arne Duncan, under what circumstances would the department terminate a contract with a law-breaking company?

What we need is to listen more to Senator Warren and less to Sallie Mae -- and it's mouthpiece, Arne Duncan. C'mon Mr. Secretary, grow a pair -- a big pair -- and stand up for the students of America, not a corrupt, lawbreaking organization.

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The Party of No Strikes Again

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FHFA

Senate Republicans today blocked a vote on the nomination of Rep. Mel Watt (D-N.C.) to lead the Federal Housing Finance Agency.

If the Republicans couldn't slip much lower, they found a way. They have voted to block the nomination of Congressman Mel Watt. His background is impeccable. He's been dealing with the housing market for over 20 years. He introduced the prohibit preditory lender act before the housing crash. Had it been adopted it could have prevented the housing/financial crisis. He's worked against risky mortgage loaning.

The Senate voted 56 to 42 to proceed to a vote on Watt's nomination -- shy of the 60 votes required to end debate.

The delaying tactic was the latest episode in a contentious series of battles over President Obama's nominees and could pave the way for a renewed effort by Democrats to change the chamber's rules. They have the votes to do that. It's the so-called nuclear option.

nuclear option

Watt's a guy who is independent and will continue to work hard for us.

So what's the reason the Republicans have stopped his nomination?

The reason is he's a victim of obstruction for obstruction sake.

Despite being knowledgeable and capable, he's failed the standard GOP litmus test. Is he Republican? No. Is he a good ol' boy? No. Is he white? No. Three strikes and you're out.

Senator Elizabeth Warren backed him vociferously as you'll see below.  Perhaps that, as much as his being Black and a Democrat killed his nomination. The most influential woman on Capitol Hill is Hillary Clinton. The most feared is Elizabeth Warren.

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