Consumer Financial Protection Agency Head SHOULD Be Elizabeth Warren, Harvard Law School Professor

By: EW News Desk Team   Date: 29 March 2010

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EW News Desk Team

Always on the look out for the latest news to monitor the state of the world economy.

EconomyWatch, News Desk Team

 

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29 March 2010

While many Americans have gotten to know her from her numerous -- and successful -- media appearances, above all on Jon Stewart's Daily Show, the most "real" fake news show in the world ;-) ,

Harvard Law School bankruptcy expert Elizabeth Warren remains a relative unknown to many people outside the United States.

While many Americans have gotten to know her from her numerous -- and successful -- media appearances, above all on Jon Stewart's Daily Show, the most "real" fake news show in the world ;-) ,

Harvard Law School bankruptcy expert Elizabeth Warren remains a relative unknown to many people outside the United States.

An Oklahoma native, a janitor’s daughter, and a former Sunday School teacher who cites John Wesley — the co-founder of Methodism and a public health crusader — as an inspiration, she comes off as what she is: a tirelessly effective common-sense, plain-spoken defender of the financial rights of ordinary people.

She brims with cheer, yet is such a fearsome interrogator that Bruce Mann, her husband, describes her as a grandmother who can make grown men cry.

Back at Harvard, Ms. Warren’s teaching style is “Socratic with a machine gun,” as one former student put it. In Washington, she grills bankers and Treasury officials just as relentlessly.

Ms. Warren has two roles here: officially, as head of Congressional oversight for the Troubled Asset Relief Program,

and unofficially, as chief conceiver of and booster for a new consumer financial protection agency,

which hopefully will come into existence DESPITE the fierce opposition of the financial industry ...

Gee, wonder what they're so worried about hiding from public view ... ;-) ...

Fusing those projects and her academic work, she has become the most prominent consumer advocate in years.

In this appropriately laudatory profile in the New York Times, there are several important points,

but of special significance is that -- like us -- she dates the current problems with the broken and corrupt US financial system to the Reagan era,

as SEVERAL times, even in this relatively short piece, she notes that the problems we are now having began 30 years ago,

which, of course, is when Reagan started his "reign of error" ... ;-) ...


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