We need Elizabeth Warren policing Wall Street. CREDO Mobile has the backstory:

Huffington Post published an explosive story last night reporting that Treasury Secretary Timothy Geithner is trying to block President Obama from appointing one of the best consumer watchdogs in the nation to lead the new Consumer Financial Protection Bureau created by Congress to rein in Wall Street. 1

As chair of the bailout oversight panel, Elizabeth Warren held Wall Street executives' feet to the fire and proved time and time again that she was not afraid to speak out.

Geithner is a Wall Street insider with long and deep ties to the financial industry. It's outrageous that he would try to sabotage the nomination of Warren, a respected Harvard professor who came up with the idea of establishing a Consumer Financial Protection Bureau in the first place. It's clear from his handling of the financial crisis that Geithner is more concerned with protecting his friends on Wall Street than standing up for consumers.

Many Americans are already wary of Geithner because of his handling of the financial crisis. Now many of us are outraged at his latest action. We can mount a public pressure campaign and win this fight but we need your help.

Our allies at the PCCC launched a campaign this morning supporting Elizabeth Warren. They've already started to turn the media narrative around and demonstrate that Americans want a real watchdog in charge of Wall Street regulation. If we can get thousands of petition signatures today we can counter Geithner's attempts to block her appointment.

If we fight back now we can make a difference. Help us create overwhelming momentum for Elizabeth Warren.

Sign CREDO mobile's petition and let's stand up for a strong voice who will stand up for us.

Wall Street's on the rebound and now they feel invincible. That's dangerous for the country. Yahoo Finance reports:

Treasury Secretary Timothy Geithner says "it's not fair. It's deeply unfair," that Wall Street has recovered so strongly from the financial crisis while millions of Americans are still struggling.

As we all know, when America’s banking system nearly imploded in 2008, our entire economy was nearly destroyed. Eight million jobs were lost, trillions of dollars in personal wealth evaporated, and bailouts turned our growing deficit into a black hole we may never be able to escape.

Simon Johnson, professor at MIT’s Sloan School of Business and author of 13 Bankers, says it's not only unfair, but that the bailouts Geithner and others engineered for the nation's biggest banks are dangerous. "They (the banks) really feel they're completely invulnerable," he tells Aaron and Henry in the accompanying clip. The prevailing thought on Wall Street is, "if things go badly it’s not your problem," he says....

The cost of the bailouts are far greater than TARP.

Johnson, who is also a member of the CBO’s Panel of Economic Advisers, estimates the debt-to-GDP levels have gone from 40% pre-crisis to 80% post-crisis. "We've doubled our government debt for what?,” he asks. “Because the financial sector screwed up in such a massive, enormous and stupid way."

So, should we continue doing nothing and letting Wall Street run amuck? Or, should we introduce tough new rules to protect Main Street from another Wall Street screw up? You decide.