Posted on 11/15/2012 8:54:43 AM PST by IbJensen
(CNSNews.com) – The Obama administration named Holly Petraeus--wife of retired Gen. David Patraeus, who resigned last week as CIA director after revealing he had had an extramarital affair--to a $187,605-per-yer job in the newly formed Consumer Financial Protection Bureau (CFPB).
The CFPB, created by the Dodd-Frank law, was placed by that law under the umbrella of the Federal Reserve. The funding of the CFBP, which comes from the Federal Reserve, is not subject to congressional oversight.
Mrs. Petraeus became a member of the CFPB Implementation Team on Jan. 12, 2011. She is now the assistant director for the Office of Servicemember Affairs. Her position pays an annual salary of $187,605, according to the communications office of the bureau.
The communications office also confirmed to CNSNews.com that Mrs. Petraeus’ post at the bureau did not require Senate confirmation.
On Jan. 6, 2011, Elizabeth Warren, then assistant to the president and special advisor to the secretary of the treasury for the CFPB (and now senator-elect from Massachusetts), posted a blog about Mrs. Petraeus’ new job on the White House website.
“In her role at the new agency, Holly will continue her work to strengthen consumer financial protection for service members,” Warren wrote. “The Office of Servicemember Affairs will work in partnership with the Department of Defense to help ensure that: military families receive the financial education they need to make the best financial decisions for them; complaints and questions from military families are monitored and responded to; and federal and state agencies coordinate their activities to improve consumer protection measures for military families.”
On Nov. 3, 2011, Mrs. Petraeus testified before the Senate Committee on Banking, Housing, and Urban Affairs. In her introductory remarks she detailed her qualifications for addressing financial issues faced be member of the military.
“In my role as a military family member, I have seen the problems that can arise for our service members who may experience ‘too much month and not enough money,’” Mrs. Petraeus said in her prepared testimony. “I have also seen first-hand the devastating impact financial scams and predatory lending can have on service members and their families. Unfortunately there are still too many young troops learning about wise spending through hard experience and years of paying off expensive debt.”
Mrs. Petraeus served from 2004 to 2010 as director of the Better Business Bureau’s Military Line, a program to provide consumer education and advocacy for service members.
“While with the BBB, I made on-site visits to military units all over the country: learning about the consumer issues that impacted them, giving presentations on consumer scams, and working to establish local BBB-military relationships,” Mrs. Petraeus said. “I guided development of six teen and adult financial workshops taught to more than 20,000 individuals in military communities around the United States.”
Mr. Petraeus has not spoken publically since her husband resigned as CIA director, while admitting he had committed adultery.
Holly has had this job for over 1-1/2 years, nothing to see here.
I stand in awe of Mrs. Petraeus's ability to use such a hackneyed phrase... almost crime enough...
The system's been dirty since dirty began? Patraeus's looking dirty? Are all the rest of you out there afraid? Maybe you're not perfect either? Oh well, it's easier to control people who have been compromised. And MUCH easier to control those who have been mildly compromised.
There must be some type of regulations forbidding nepotism in federal appointments and/or employment. But I guess those are only applicable to Republicans.
I’m running out of popcorn!
Democrat or Republican are terms for the plebes. In washington we simply have the Ruling Government Party. The goal is too preserve the Gov’t and take care of anyone within it.
Isn’t a government job great? You get inflation-adjusted benefits and you get to give jobs to reward your friends.
There may be.
She's an Elizabeth Warren groupie. When you figure that Grayson Wolfe (the Lebanese sister's ex) was head of the Iraqi import-export bank and Holly Petraeur was backing the sister in the custody battle along with John Kerry it might make one think there's something to see.
What I’m saying is that this appointment was not made recently. She has had this position for 1-1/2 years.
My theory is that the Petraeuses are libs. I can tell Holly is a lib from a mile away. I think this is one reason why Obama was so willing to get Petraeus out Afghanistan before the affair became public and under the jurisdiction of JAG (the other reason was Petraeus did help Obama by taking command of the war, a step down for him). The job is just another love fest. However, when Obama need cover, the compromised General was more than willing to lie to congress.
True. But it does give insight into Holly Petraeus’ character and some of the connections going on in Tampa.
She thought they really respected her......appreciated her work for Elizabeth Warren. She was a starry eyed tool for Obama and will be discarded now that her husband is no longer useful. She’ll blame her husband for her job loss.....but who needs her now. She will never understand how little the dems thought of her. Let’s see how fast her position is eliminated or filled with an affirmative action type like Susan Rice.
So, a job was created for her just like Moochelle’s make believe hospital job.
Love what you said about the hackneyed phrase and love this:
(Petraeus confession: like something from a ‘Soviet purge trial’....)
John Kerry makes my skin crawl...
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