You may have noticed that the US Sup Ct recently stuck a knife in the gut of the American citizenry with the recent ruling in AT&T v Concepcion. The high handed and less than public friendly cour stated that federal law trumps state law pertaining to class-actions suits; therefore banning class actions is simply OK per the haughtier of the 9, misnomered, Supreme Court Justices!. Thus, even if President Obama succeeds in getting her approved as head of the CFPB; she now also has to tangle the US Sup Ct gutting American citizens of their strength of unification as well.
This means we have to do more than simply support to President Obama's quest to halt skullduggery by Goldman Sach's & Rothschild modern day robber baron's; by simply getting Elizabeth Warren (finally) getting confirmed as head of the Consumer Fraud Protection Burea ("CFPB"). We must encourage "our" media networks (such as Matt Tiabi, Daily Censored & Progressive Media Project); to KNOW that they are "our" networks and that we will help them grow if they take up the torch and give Warren and the CFPB strength.
Dodd-Frank law gives us hope and the possibility that our white knight (Elizabeth Warren); which makes the right wing Goldman Sachists shake and tremble. Not only because they are facing an intelligent person and a well educated, Harvard Law Professor that understand the complexities of their nefarious ways. The sexist, robber baron's of the right are actually having sleepless nights, breaking out in sweats and nightmares. For, even more than high education and intelligence, none of us could have ever dreamed that those Goldman Sachists would need drugs and psycological counsel; because that Law Professor to protect us against them fleecing/robbing - would also be "an attorney"; who is also a "woman" with granted powers maybe even beyond their precious, willfully blind & duplicitous SEC!
Ten years ago, to even dare proffer such a premise that this possibility might occur; may have gotten you scorned and cowpied for being an idiota. Yet, truth being much stranger than fiction; we now, literally have, the hope of our dreams.
In the immortal words of Muhammed Ali -- "Me/WE"
Previously, I did write a Diary (actually my most recommend one) that addressed the issue that "Elizabeth Warren's battle to protect us; is the Republican wallet's nightmare". In that Diary, I pointed out my personal reasons of hope that Elizabeth Warren may be confirmed; as well as the issue that nearly the entire Republican machine is lobbying against (including JP Morgan, trolls acting as WSJ reporters with false propoganda and more).
Friday, the Wall Street Journal Law Blog actually posed this question;
"
Will Federal Consumer Bureau Ride to the Rescue of Class Actions
"
Believe it or not, any newbie Diary at Daily Kos gets more comments and attention than the average WSJ Law Blog stories. Because most of us know it became a tool of the Sachist's clans; when Rupert Murdoch acquired them. Thus I am deeply skeptical of any purported proffer of the WSJ taking up "our" side of an issue. But the WSJ Law Blog, regardless of the controlling editor's intent; did make analogies that are encouraging. The WSJ article postulated that;
"-- Warren, the head of the new Bureau of Consumer Financial Protection, has the power to potentially limit the scope of the Supreme Court's AT&T ruling"
Despite what the propogandist scheme or intent might be of the WSJ; whether they really want class actions or not (most likely a case specific scenario question of what makes "them" more money that day). The fact of the matter remains, they are no longer talking about, whether or not, Elizabeth Warren will head the bureau; instead they seem to concede the fact and choose to now banter about how much power or what her priorities will be - when she gets fully strength.
The WSJ Law blog article then reflected to my (and hopefully your) delight that;
The Dodd-Frank law gives Warren’s consumer agency the power to regulate arbitration in consumer financial-services contracts, including agreements governing credit cards and bank accounts, and the agency could conclude that class-action bans are harmful to consumers, according to Reuters.
Referencing this story ( here), by Reuters; the WSJ basically concluded that Elizabeth Warren's and CFPB's powers granted by the Dodd Frank Act is already causing national law firms to re-design their legal language in anticipation of the need to circumvent her predicted authorities.
The very fact, that even without full authority of confirmation as head, that so much banter and conjecture about "what may occur" is transpiring; is a good thing for us. The Rueters story gives us great hope as well. For it too, has capitulated to the fact that Elizabeth Warren is "going" to be the head of the CFPB. As Rueters story stated that the Bulldog Elizabeth Warren;
"Of course, Warren already has a full plate. But she has been a bulldog at challenging corporate power. So it seems inevitable that lobbyists will soon test the former Harvard law professor's consumer bona fides -- and the powers of her fledgling bureau"
Come ye mighty right and test Elizabeth Warren's resolve - and thereby "ours" - as ye may. Know that they right might has made wrong too long; and that a new era is dawning just around the corner. You may as well take sleeping pills in chocolate form before you go to bed; because if "we" thru President Obama and Elizabeth Warren do get our true say in the matter - the ways of the modern day robber baron might soon be dead!
If you have time - please sign the Elizabeth Warren Petition?
We are not there yet - and should remain diligent till that good day comes!