Archive for July 18th, 2011

"Rachel Lewis" "CitVox"Liberty reporting here, on another busy week the nation’s capital!

Last week, you may recall, Public Citizen demanded fracking be regulated. This week, we turn to nuclear power. Tomorrow, the Nuclear Regulatory Commission (NRC) will be considering recommendations on what to do to secure U.S. nuclear reactors in light of the disaster in Japan. Public Citizen will be issuing a statement tomorrow morning about our concerns regarding spent fuel pools and other issues.

Also tomorrow, Public Citizen’s Health Research Group, led by public interest veteran Dr. Sidney Wolfe, will have something to say tomorrow about a dangerous drug. Stay tuned.

On Wednesday, another staged hearing drawing on the testimony of biased industry representatives with dogs, or should I say wallets and/or campaign coffers, in the fight. Expect more empty and unproven rhetoric about how regulations are, expensive, unnecessary, costing jobs and sending the economy down the toilet. All will fly in the face of the facts.  Visit the Coalition for Sensible Safeguards for more information and stay tuned for the launch of a campaign that you can get involved in later in the week! Plus, be on the look out for a new report on executive compensation . . .

Thursday, get out a candle and your party hats as the Wall Street reform bill, aka Dodd-Frank, turns one year old. Actually, put away the party hats. The truth is it’s been a rough first year.

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"Robert Weissman, Public Citizen president"Elizabeth Warren was the obvious best choice to run the Consumer Financial Protection Bureau (CFPB).

Wall Street and the Big Banks did not want her to get the job.

President Barack Obama decided to succumb to those interests, rather than fight for the American people.

Warren originated the idea of the CFPB. She was a tireless advocate for its inclusion in Wall Street reform legislation, and creation of the bureau is the signal achievement of that legislation. She has done an excellent job leading the team that is setting up the agency. She knows the issues better than anyone. She is an unparalleled communicator about the importance of protecting consumers from predatory financial interests.

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