Wouldn't it be nice if Spencer Bachus (R, AL-06) had a few shreds of integrity? Today Bachus & his cohort, Shelley Moore Capito (R, WV-02) sent a letter (PDF) to Elizabeth Warren. Warren is in charge of setting up the new Consumer Financial Protection Agency, she's smart and she's on the side of consumers; as a result she scares Banksters to death. The letter takes Warren to task for the CFPB's role in a proposed settlement with mortgage servicers over the housing fiasco and strongly insinuates that she lied to Congress. Serious stuff, but in this case it's just plain wrong.
Mother Jones says Bachus' accusation is "pathetic."
Warren told Congress that the CFPB offered advice on what the settlement should contain. But in their letter, Bachus and Moore Capito say Warren's agency "did more than provide advice: it recommended the goals and provided a detailed framework for the structure of the settlement." It's a clear insinuation: you lied to us.
Really? According to Merriam-Webster Dictionary, the definition of "advice" is a "recommendation regarding a decision or course of conduct." That is, to give advice is to recommend. Treasury Secretary Tim Geithner asked the bureau for advice about the proposed servicer settlement, and Warren and the CFPB did exactly that: they said what they thought the settlement should include. The "detailed framework" cited in Bachus and Moore Capito's letter was nothing more than a 10-page PowerPoint presentation written by the bureau, laying out its advice. Nothing nefarious there.
Bold Progressives jumped on this opportunity to email Bachus' constituents about his treatment of Warren:
Give Rep. Bachus a call right now at 202-225-4921.
Here's what to say:
Hi, this is [your name], and I'm calling because Rep. Bachus is clearly so much of a sell out, he's willing to change the definition of words to attack Elizabeth Warren.
I wanted to make sure Rep. Bachus knows that the definition of advice is "guidance or recommendations offered with regard to prudent action."
Stop attacking Elizabeth Warren, and stop being such a sell out for Wall Street.
The dictionary is irrelevant for Bachus -- this is a clear case of saying whatever it takes to do the bidding of the Banksters. The PCCC email opened with a reminder of Spencer Bachus' recent admission:
"my view is that Washington and the regulators are there to serve the banks"
By attacking Elizabeth Warren and casting aspersions on her honesty and character, Spencer Bachus is doing his damndest to serve his true masters, the banks. Why do people in AL-06, many of whom have been caught up in the foreclosure mess, keep voting for this turkey?