Bankrupt Studies Should Disqualify Warren As Consumer Cop

IBD's Capital Hill ^ | 7/16/2010 | David Hogberg

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White House senior adviser David Axelrod told reporters Friday that Harvard Law professor Elizabeth Warren is a candidate to head the Consumer Financial Protection Bureau created in the recently passed financial reform legislation.

Warren, who currently heads the TARP congressional oversight panel, was one of the first to propose such a bureau.

But making Warren the consumer finance protection cop is a bad idea. She has been more than willing to produce research on consumer finances that is shoddy at best and dishonest at worst.

[Buckeye McFrog]

Fat chance. The KosKids are already going Ape Doo-Doo over the thought that she would NOT get this job. She is their hero and if Axelrod had to go out and walk this back they know they are in trouble if they try to pick anyone else. Personally I think it will be another recess appointment.

[Attention Surplus Disorder]

If I back off her being slightly deferential in order not to be immediately fired, everything I’ve read from E. Warren has impressed me. I think she would be an outstanding choice. Geithner hates her, she’s got that going for her in my book.

[Tzimisce]

And the administration just keeps spreading it out.....

[GeronL]

College Professors should never be given any type of power

[Buckeye McFrog]

I would agree that if she got the job she would not be Obama’s worst appoinment, by a long shot.

[Attention Surplus Disorder]

I’d go ahead and be rather positive about her. She seems quite sensible. I do believe but I can’t check it at this moment that she has been a lot more critical of various financial policies (both in the GWBush era and the 0bama era) but has been “toned down” by virue of sitting on the particular committees. I know she has some YouTube videos where she has probably expressed some non-traditional family-type views, but on finances, I believe she is pretty right on.

[achilles2000]

She is Nurse Ratched. She should be nowhere near any kind of power. HLS faculty...do you understand that that is what TOTUS is channeling? She knows nothing about finance...and she will use her office to feel “important” by looking out for the peons in her own fascist way.

[Tamar1973]

If she has filed for bankruptcy, she should have nothing to do with the fiscal policy of the US Gov’t.

[Clintonfatigued]

Last year, some were talking up Elizabeth Warren as a Supreme Court justice.

[Alter Kaker]

I know she has some YouTube videos where she has probably expressed some non-traditional family-type views, but on finances, I believe she is pretty right on.

She supports the old two-parent one-income model. That's pretty traditionalist.

[Attention Surplus Disorder]

I am going to have to revisit my opinions about her...it’s been a while. I’ll have to admit I found her pretty sensible and well spoken but frankly I don’t know *what* the heck she supports.

When you say “she supports” you might be saying “she longs for the time..” when one income could support a family; and she notes that it tends be pretty rare these days and for the last decade or so. I agree with that observation and she arrived at it and explained it fairly eloquently. I don’t know if that means she supports it.

This is just a case where I found her commonsense approach attractive and that raised my opinion of her; but I’m not sure what it is she supports or doesn’t support going forward.