Leaving no question at all of whose side he's on, Wall Street's or Main Street's, Senate Minority Leader Mitch McConnell states the obvious on Sunday on Meet the Press: Warren and the Consumer Financial Protection Bureau pose "a a serious threat to our financial system."
GREGORY: Can I ask you two quick ones? Elizabeth Warren, who is supposed to head up this consumer bureau...
McCONNELL: Mm-hmm.
GREGORY: ...the president's appointment to do that, would you back her, or would you join Republicans who—to block her nomination?
McCONNELL: Well, we're pretty unenthusiastic about the possibility of Elizabeth Warren. We're pretty unenthusiastic, frankly, about this new agency, and we've sent a letter to the president saying that some changes need to made—be made in the CFPB, the Consumer Financial Protection Board, because as it's currently constituted, it answers to no one and, I think, could be a serious threat to our financial system.
Which is actually the whole point of the CFPB: threatening the status quo of the financial system which allowed the housing crisis, and the resulting global economic meltdown, to happen in the first place. Oh, and to protect actual consumers, the people who do all of the work, keep the economy going, vote, pay the taxes that pay Mitch McConnell's salary.
Obviously it's Wall Street that calls the tune McConnell and the rest of the GOP dance to. That's clear from the lengths they've gone to to make sure American consumers aren't protected.