Skip to comments.President Warren's Empire - finance czar answers to no one
Posted on 03/16/2011 3:40:49 PM PDT by opentalk
The consumer finance czar answers to no one and sets her own budget.
A House subcommittee will hold an "oversight" hearing today on the new Consumer Financial Protection Bureau, the über-regulator that will soon have jurisdiction over most of the country's credit-making institutions. We put "oversight" in quotes because Congress has little say over either the new bureau or its unofficial czar, Elizabeth Warren.
This unprecedented lack of accountability is by Ms. Warren's design. The bureau was the Harvard professor's idea, and she lobbied the Obama Administration and Congress to make it part of the 2010 Dodd-Frank financial reform.
(Excerpt) Read more at online.wsj.com ...
She is now accountable. Cut off her funding and fire her. This is not necessary.
There is no other term to describe it.
She can go back to Harvard and be useless there! We do not need this in a Representative Democracy. Plus Lawyers should not be Allowed to hold Office.
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I’ve listened to this woman talk at length. She’s a flake of the first order, an academic curmuddybloom who can be counted on make a disaster out of anything she touches.
If the Republicans are smart, they’ll turn over her rock as quickly as possible, with their flit guns set to “soak.”
finance and banking voted overwhelmingly for obama.