This is pretty cool--all of the Saturday Night Live actors who played Presidents have cut a video with Funnyordie.com to support the creation of a Consumer Protection Financial Agency as part of the financial regulation reform bill. Check it out:
The most recent news on the Consumer Financial Protection agency is an unwritten proposal by Senators Dodd and Croker to house the agency inside the Fed. The strength and independence of the agency would be in real question if it were housed inside the Fed.
At TAPPED, Tim Fernholz is collecting statements from Senate Banking committee members on what sort of CFPA they favor. He already has responses from eight of the thirteen Democrats on the banking committee. In addition to Reed's objections, Senators Schumer and Merkley have been particularly critical of housing the CFPA inside the Fed.
"My first choice is a strong consumer agency," the Harvard Law professor and federal bailout watchdog said in an interview with the Huffington Post. "My second choice is no agency at all and plenty of blood and teeth left on the floor."
Wow--no wonder people like her so much!
Finally, this is as good a time as any to mention that as a part of my fellowship with the New Organizing Institute, I am working on new media organizing with Americans for Financial Reform. This also means I am no longer doing any work for any federal candidates.
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