Framing the Dialogue

Posts Tagged ‘financial reform’

Obama Appoints Warren to Shape New Consumer Agency

In this series I choose a current news article and you decide via a multiple choice format which terms were used and whether others would have been more accurate…….

Sept. 17 (Bloomberg) — President Barack Obama named Harvard law professor Elizabeth Warren a(n) __________ (adviser, czar, czarina, non-vetted adviser) to help  __________ (control, shape, subvert, empower) the new Consumer Financial Protection Bureau, calling her __________ (“one of the country’s fiercest advocates for the lower class,” “one of the country’s fiercest advocates for the middle class,”  “an elitist from academia with no business experience who will further my socialist agenda,”  “an awesome sista and you’re a racist if you oppose her nomination…wait there was no nomination process as she is just another one of my extra-Constitutional appointees with unlimited power and answers only to me…snap!”)

Congress acts, but bank bill has work ahead

In this series I choose a current news article and you decide via a multiple choice format which terms were used and whether others would have been more accurate…….

WASHINGTON — In the end, it’s only a beginning.

The __________ (comprehensive, far-reaching, power grabbing, socialist) new banking and consumer protection bill awaiting President Barack Obama’s signature now shifts from the politicians to the technocrats.

The legislation gives regulators __________( latitude, unlimited power, control, plenty of campaign contributions)  and time to come up with new rules, requires scores of studies and, in some instances, depends on international __________ (approval, loans, agreements, scorn) falling into place.