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Holly Petraeus, Wife of Afghan War Commander, in Line for Consumer Post

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Holly Petraeus, wife of the top NATO commander in the Afghanistan war, is expected to be named this week to a post with the newly created Consumer Financial Protection Bureau, specializing in protecting military families from predatory lenders.

The Huffington Post and Politico on Tuesday reported the likely move. The start up of the financial consumer-protection agency, a key element in the new Wall Street reform law, is being overseen by Elizabeth Warren, an assistant to President Obama and adviser to the Treasury Department. Petraeus' husband, Gen. David Petraeus, leads the U.S. war effort against the Taliban insurgency in Afghanistan.

On her own, Holly Petraeus heads the Better Business Bureau's Military Line, a consumer information program, and is known as a strong advocate for military families. Sources told the Huffington Post that her selection is tied to an administration effort to combat unscrupulous lending companies that prey on vulnerable Americans, already struggling in a weak economy.

Gen. David Petraeus and wife Holly PetraeusLast year in USAA Magazine -- an insurance industry publication -- Holly Petraeus said, "You see that strip outside installations -- the pawn shops, the tattoo parlors, the shady auto dealers. I once heard those businesses described as bears lined up at a trout stream."

Gen. Petraeus was named to the critical Afghanistan post last year by President Obama -- and he is widely respected in Washington by Republicans as well as Democrats. The Petraeus's have been married for 36 years.

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Russ Ramsey

In 1965, one of my Latino soldiers was victimized along "the strip" which was Victory Drive outside Ft. Benning, GA. The "businessman" took advantage of the fact that the soldier's wife was an illiterate Mexican woman and got her to sign a contract for $1,200.00, in exchange for a broken old chair. Five of my soldiers paid the guy a visit in civilian clothes, busted up his shop, and got the contract back. The soldier told me, "I will be a damned good soldier, you will see." In Vietnam, he saved eleven men in an ambush while getting shot three times in the process. As I watched a general pin the Distinguished Service Cross and Purple Heart to his pyjamas, he told the general, "My company take care of me, and I take care of them."
Russ Ramsey
[then] Captain, 1/8 Cavalry, 1st Air Cav Div

January 04 2011 at 6:51 PM Report abuse +2 rate up rate down Reply
Margaret

I think this is a GREAT idea. The wife of the commander of our forces knows what military families have to go through. She will be a strong advocate for the families of our brave fighting men and women! Thank you, Elizabeth Warren - the People's Champion!

January 04 2011 at 3:17 PM Report abuse +1 rate up rate down Reply
Michael

No nepotism, cronyism, nor political paybacks to be seen here, folks. Just keep it moving, we'll let you know if we think of some more regulations for you...

January 04 2011 at 3:16 PM Report abuse +1 rate up rate down Reply
truthforfreedom

I don't think we civilians or military families need anymore consumer advocates. My Lord, we can't make any credible decisions on our own or take a risk? The United States is over regulated, the States have no autonomy from the Feds, and the welfare lines are growing because of this monster government. Can't these people allow us to handle our own problems? If a person can't read the small print, they can get help, but most of us can and we can spot a charleton a mile away and we know what to do if we get bitten. Why not assign us a shadow to follow us around all day long? I feel stiffled and strangled to death by this government mother. What weanies we've become. OOOH, the big bad businessman is gonna get us.

January 04 2011 at 1:01 PM Report abuse +2 rate up rate down Reply

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