The report begins: "A House committee hearing on Tuesday about the new Consumer Financial Protection Bureau disintegrated into heated accusations of lying, with the panel's chairman accusing Elizabeth Warren of giving misleading testimony at a hearing in March and of making up facts about her agreement to testify this week."
Elizabeth Warren reacts after a Republican House committee member accused her of 'making things up,' 05/24/11. (photo: Jonathan Ernst/Reuters)
House Republicans Accuse Elizabeth Warren of Lying
25 May 11
House committee hearing on Tuesday about the new Consumer Financial Protection Bureau disintegrated into heated accusations of lying, with the panel's chairman accusing Elizabeth Warren of giving misleading testimony at a hearing in March and of making up facts about her agreement to testify this week.
Representative Patrick T. McHenry, a North Carolina Republican who is chairman of a subcommittee of the House oversight committee, told Ms. Warren, who is directing the start of the consumer agency, that he believed she had misled Congress about her role in settlement talks between government authorities and mortgage servicing companies.
Ms. Warren denied Mr. McHenry's accusation, saying that she clearly stated in March that she had provided advice to officials of the Treasury and Justice Departments about their investigations of fraud among mortgage-servicing companies and about their settlement discussions with the companies.
The argument was a rare collapse of the decorum that usually pervades discussions among even the most fervent opponents on Capitol Hill. It demonstrated the level of frustration some Republicans apparently have over the consumer agency, its leadership and its authority as established by the Dodd-Frank Act that followed the financial and mortgage crisis.
After an hour in which Ms. Warren repeatedly parried efforts by Mr. McHenry and other Republicans to pin her down with "yes or no" answers to questions about her March testimony - and about the bureau's powers and responsibilities - Mr. McHenry abruptly moved for a temporarily recess so lawmakers could attend a floor vote.
Ms. Warren objected, saying that she had agreed to be present for only an hour and had no more time. Mr. McHenry disagreed and said that other subcommittee members still had questions for her.
A vigorous back and forth ensued.
"Congressman, you are causing problems," Ms. Warren said. "We had an agreement."
"You're making this up," Mr. McHenry replied, eliciting gasps from the audience. "This is not the case."
As Mr. McHenry and Ms. Warren traded accusations, a senior Democrat, Representative Elijah Cummings of Maryland, tried to smooth things over. "Mr. Chairman," he said, "I'm trying to be cordial here - you just accused the lady of lying. You need to clear this up with your staff."
Mr. McHenry did not back down. After the meeting broke, he said in a statement: "I was shocked by Ms. Warren's blatant sense of entitlement. She was apparently under the assumption that she could dictate a one-hour time limit for her testimony to Congress, and that we were there at her behest instead of the other way around. This is just further example of her disregard for Congressional oversight."
The hearing was intended to address how much supervision Congress should require for the agency. Republicans have introduced bills to eliminate some of the bureau's independence; for example, the bureau is not subject to Congressional appropriations. A group of 44 Republican senators recently signed a letter saying they would not allow a director of the agency to be confirmed unless the Obama administration agreed to structural changes in the agency.
Faced with strong opposition to Ms. Warren, a Harvard professor, President Obama has not nominated her to lead the new bureau. In fact, officials in the Democratic Party are trying to pressure her to return to Massachusetts to run for the United States Senate in 2012.
While there were some questions about oversight, Ms. Warren apparently came to the hearing expecting a hostile reception on other topics. On Tuesday morning, hours before the afternoon hearing, Mr. McHenry said on CNBC that he believed she had lied to Congress.
"I question the veracity of her former testimony in relation to the reality that we now see," he said, referring to documents indicating that the consumer bureau had advised the Iowa attorney general on the terms of a possible settlement between federal and state regulators and mortgage servicing companies.
Asked by the CNBC correspondent if that meant she had been lying when she said she was only an adviser, Mr. McHenry replied, "Sure."
During the hearing, Mr. McHenry displayed the documents, which he said indicated that Ms. Warren's involvement extended outside her designated role as an adviser to the president and the Treasury secretary to set up the new consumer bureau.
"You said you were providing advice to the Treasury secretary," Mr. McHenry said. "Now it is apparent that you were providing advice to the attorney general of Iowa," regarding lawsuits against mortgage servicers.
Ms. Warren said she provided advice to state and federal agencies at the direction of the Treasury secretary, adding that she had been open about her meetings and involvement in the talks. She said she had provided that information two months ago in response to a letter from House members and had heard nothing back since then.
Those exchanges led a Democrat on the subcommittee to apologize "for the rude and disrespectful behavior of the chair." Representative John Yarmuth, a Kentucky Democrat, said to Ms. Warren that Mr. McHenry's accusation "indicates to me that this hearing is all about you, because people are afraid of you and your ability to communicate in very clear terms the threats to our consumers."
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Republicans and Democrats are right to be trembling
Elizabeth Warren in 2012!
solidarity & peace
When MoveOn was just getting started, they focused on trying to get a Dem. elected from that area. It should have been easy because many of the Republicans in that area are actively against McHenry. I told MoveOn that they should focus on the electronic voting machines first but was told they would do that after they got McHenry out of office. How do you vote someone out of office with voting machines that are easily hacked and leave no trace of the hacking?
McHenry was Tom DeLay's little favorite and should have gone down with him. It is sad that NC's 10th may never be able to vote him our of office because the electronic voting machines will select him no matter the true vote.
Obama should appoint Ms. Warren to a permanent position as head of the Consumer Financial Protection Bureau. She can be trusted to serve Americans and protect them from the financial industry's predators.
The Constitution sets specific criteria for recess appointments, which Bush violated with abandon (just as he wantonly violated the Constitution in many other ways ... like the invasion of a country that did not threaten the United States ... twice), but since Bush set the precedence, why shouldn't Obama take advantage of it?
Studies over the past 40 years have examined how the Nazi atrocities could have happened. What they found in Nazi's (and also in far right Republicans) was a belief in their own superiority and right to rule over others, no empathy or compassion, a belief that they deserved wealth, power, and entitlements, while their "inferiors" don't deserve these things; characteristics that included a willingness to lie, deceive and bully to get what they want, a lack of self awareness, etc.
Pretty frightening that these are the kinds of people who have control of our country and government and making the most important decisions that affect our lives and future.
This is so low that it doesn't even merit the usual pot and kettle analogy.
You left off "and EDUCATED, intellectual" that are equally or more offensive terms to Teabaggers.
As another pointed out; The "you lie" mentality is all that exists in Republican politicians. That and the "vote them out" (Palin Doctrin) without ANY clear plan, reasoning, or POSITIVE assertion to make.
It's sickening and disgusting to see what these people do in our name. "They're frustrated" with some of the people in power that they cannot control? Welcome to the life of Democrats under Bush and now held hostage by the Teabaggers. Or for that matter, the rest of us in the general public that want to scream at BOTH parties on a daily basis.
I guess this is the new America. No more "American Dream" for future generations; Just one continuous sellout by wealthy "representatives " that will eventually strangle the life out of the middle class and literally laugh about it, all the way to the bank.
I'm predicting, after the poll a couple weeks ago in which 52% (or was it 56%) of Republicans answered "none of the above" when asked who their preference is among the circus clowns purportedly running for the 2012 nomination, that Republican voters will stay home in droves when the 2012 election is held.
They are realizing, as I did many years ago with the DLC controlled Democratic Party, that the rank and file party members have no control over who leads the Republicans, and most don't really like the "leadership" direction. Of course, Faux "news" has a lot of influence, too.
I wasn't aware of Ryan's holdup of the aid to tornado victims; that'that's just truly appalling. Maybe what we need is a tornado to come and sweep up the House Rethuglicans, as well as all the DINOs (Democrats in name only) on the other side of the aisle!
Or just preventing Ms. Warren from heading the Consumer Financial Protection Bureau at all costs because she'll impose real consumer protections on Wall street and banking?
Why do Republicans hate truth so very much?
It is time for the lower 95% to _revolt_ against the THUGS. one way to do it is to elect enough Progressives to Congress next year that we can reinstate the regulations that have been dismantled over the past 30 years.
It all started with Gerald Ford giving tax breaks to corporations ... followed by Raygun's initial tax cuts for the rich and greedy. Then he _increased_ taxes on the Middle Class.
Meanwhile, this guy McHenry ought to be working in the Post Office, selling stamps, not running a Congressional subcommittee.
Typical Obama. Sensing "opposition," which in Uncle Tom's mind is not good kumbaya, he slinks away and leaves her to twist in the wind. Except that, Ms. Warren is very adept at taking care of herself. (She would make a far better president than our current Uncle Tom.) Rep. Yarmuth's observation is absolutely right on, the Rethugs are scared to death of Warren's ability to expose them as the true and main threat to the American people's economic security. There's nothing more desparate than a Rethug who's about to be outed. Such putrid hypocrisy. A Republican accusing someone of lying is like Al Capone, for example, charging someone with being a crook. "Liars 'R' Us" should be the Republican national slogan.
Elliot Hoffman
how about asking Obama and the democrats to stand behind Ms. Ryan instead of behaving tactically rather than on principals we expect from them.
Hmmmm, I wonder why.
I simply wanted to tell him, very politely of course ;), that he is neither...
Elizabeth Warren is honest, ethical, and committed to a government of the people for the people. That scares the s*** out of the GOP. They might not be able to realize their dreams of collecting every asset and dollar for themselves!
The Republican strategy in cases like this is always the same: unjustly accuse your opponent of lying, for example, by lying!
Elizabeth Warren is simply above reproach because she actually possesses integrity! Yes, how rare! And adding insult to injury, she sincerely cares about the consumer. Republicans like McHenry, cynical and corrupt, can't stand someone like that. It drives them to distraction.
And the fact that she's a smart woman who is not intimidated by their below-the-belt tactics rankles them even more because try as they might, they can't put her in her place.
I am forever grateful for people like McHenry because they keep showing us again and again what the Republican party stands for these days.
Also, to Edward Wyatt re: "Mr. McHenry abruptly moved for a temporarily recess so lawmakers could attend a floor vote." Please proofread before publishing!!
For example, Inhofe says that what climate scientists have discovered about global warming is the biggest hoax in history. The truth is that Inhofe is part of the biggest and most dangerous hoax in history, the efforts to confuse people about and deny the existence of global warming.
We need hand-marked paper ballots and if these ballots are counted by machine we need swift, meaningful, transparent, statistically based hand counted audit of machine results. Machine vendors are private companies that sometimes exercise inappropriate control over our election processes, and who make inappropriate claims to proprietary rights in order to prevent the release of election data to citizens seeking transparency.
The best protection for We the People of the integrity of our national government would be that votes for US Senator, US Representative and US President would be mandated to be on hand-marked paper ballots nationwide, and mandated to be counted by hand in full and meaningful public view, at the polling place, immediately upon close of the election before transport or storage takes place.
That would be a start for the restoration of our political autonomy.
Thank You!
Yet the Dems, instead of arriving and acting to protect us, cozied up to them. And blew the next Congressional election, yielding the majority to the vampires.
This is the result, and "sluts" is the accurate term. The GOP Congress expects a sissy response from the Dems. in Congress and the White House, and that's what they get. Rolling over and playing dead ain't leadership.
another company will do it and they will get the money. it is going to happen so why shouldn't i take the money?
the concept of blood on your hands does not compute.
denial of global warming makes me money, so i will lie. the five billion people who will die because of lack of food and water, is not relevent to milo minderbender. money is his god and he prays to it, and do anything for it.
i have seen elizabeth warren on tv and she is terrific. no bs from her. i love her toughness and her honesty. to call her a lier is to give rush limphead something to lie and rave about on the radio. yes, it is like the ss, only, this time backed by exxon, and not krupp.
what are they trying to hide?
hmmm. how about that they and some dinos helped rob the american people through lack of regulation of the banking industry and the insurance industry. even clinton is guilty of not overseeing fanny may and freddy mac. bob rubin told him in the nineties that they were breaking the law in order to give the board of directors and the ceos of both companies, which are backed by us tax payers, a larger amount of money in their pay checks and their stock. clinton did nothing to stop them too.
so it is clilton along with the bush administration that caused all the problems we had with the leveraging and the bundling of mortages. warren knows all about both parties involvement, along with greenspan and his so called libertarian hands off the market baloney. he too was involved and no one stopped him and the fed. people should be going to jail and they are putting kids with an ounce and a half of pot in their college dorm in jail.....i don't hear of the foreign ceos going to jail either. they knew what they were doing, and were just as greedy and just as guilty.
Today, however, we know that the most destructive forces in our society are our financiers. We ALL KNOW the only reason they have so much more money than the rest of us is because they are far more immoral that the rest of us. I do not think a society can long endure when its alleged leaders are as despised as ours are.
She scares the hell out of them, so they resort to the same old attack tactics. Can't have oversight of Wall Street and banks and the mortgage industry!!!! Our free lunch entitlements will be over!
spoken, an excellent candidate for the 2012 Mass. Senate race. The tea-baggers
and right-wing crazies should fear such a candidate.
the dubious McHenry
WASHINGTON, D.C. OFFICE
224 Cannon House Office Building
Washington, D.C. 20515
Telephone: 202.225.2576
Fax: 202.225.0316
home district hickory, nc 28602 http://mchenry.house.gov/
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