Issa’s hearings, as well as several GOP proposals to limit her power or scuttle her nomination, are viewed as part of anindustry-led campaign to cripple Warren’s ability to rein in abusive practices in the credit card, mortgage, and related lending businesses. During the interview, Issa let his sympathies be known to world when he said that he feared Warren could “bully” the banking industry:
ISSA: As you know, we’re very concerned that this is essentially an entity funded around Congress and yet it has the ability to bully banks.FOX HOST: Well I was going to ask you. Do you have a problem with her or the entity?ISSA: Our big problem is with the entity.
Watch it:
Issa’s stand for the banks against “bully” Elizabeth Warren places him in line with other major GOP legislators working on behalf of Wall Street. Issa’s colleague, House Financial Services Chairman Spencer Bachus (R-AL), has openly said his job is to “serve the banks.” Bachus has also admitted that all of his anti-CFPB legislation is really just an effort to take down Warren.
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