Comments on: Elizabeth Warren’s nomination

By: kiaser

kiaser — Fri, 23 Jul 2010 20:53:12 +0000

I question Michael Barr’s true commitment to financial reform let alone consumer protection .After all he was the
treasury spokesman that assured the financial community that the Lincoln provisions were “not a White House priority”
& most recently stated his belief that it would take at least a year for a Consumer Financial Protection Bureau to
come into being. In other words he does not sound like somebody that will ‘kick against the pricks’

By: BryceCovert

BryceCovert — Fri, 23 Jul 2010 20:10:46 +0000

I sure hope you’re right Felix! You present a strong case, which gives me hope. The strongest argument for her that I’ve heard yet, however, is here: http://www.newdeal20.org/2010/07/22/how- hamp-makes-elizabeth-warren-the-only-cho ice-for-consumer-protection-15578/

By: nbywardslog

nbywardslog — Wed, 21 Jul 2010 07:18:58 +0000

It’s always been my view that what the bad guys EXPECT Eliot Ness to do is far more important than what (in this case, she) might do. The bugs tend to crawl back under stones and stay out of sight until the crisis is over.

Thus, the Warren-or-not issue may just be one of those things that defines a catalyst for change between one econo-financial culture and another. Mr Bankfine may laugh, but if she gets the job his days are numbered. Not because she will try to nail the guy…but because his Board will see him as unacceptable in the new climate.
http://nbyslog.blogspot.com/2010/07/opin ion-moral-hazards-for-unethical.html

By: hsvkitty

hsvkitty — Tue, 20 Jul 2010 23:35:04 +0000

A woman of integrity, strength, moral fibre, not influenced by the Wallstreet … She doesn’t have a chance!

http://www.youtube.com/watch?v=pz7ruJw6b yQ&feature=player_embedded#!

By: ErnieD

ErnieD — Tue, 20 Jul 2010 22:25:44 +0000

This nomination is a defining moment for the Obama Administration, more so than almost any other one. Things like the health care financial reform bills are Congressional sausage without much of an Obama individual stamp. The Kagan nomination is a typical Supreme Court nominee with a vague, undefined position who pointedly speaks in circles, especially in nomination hearings that are supposed to provide definition, but never do.

However, Elizabeth Warren has firmly planted her flag in the ground on consumer financial protection and trumpeted its existence with a megaphone.

Obama went with the financial sector status quo protectors in Geithner and Bernanke. If he caves to the financial sector on this position, he is announcing to the Americans in the bottom 99% of income that they are on their own – he will not nominate people who have their best interests at heart. Instead, maintaining large banks profits would be at the pinnacle of his agenda. You can hope for change in the financial sector, but a nomination other than Warren will announce that change will not happen on his watch.