Posted on 04/20/2009 11:15:59 AM PDT by zaphod3000
.......While the bubbly and brilliant 59-year-old [Harvard] professor is a darling of Democrats, [Elizabeth] Warren has become the scourge of conservative Republicans, who question her panel’s exploration of more-liberal approaches such as nationalization and bank liquidation.
Financial services lobbyists, who’ve long disliked Warren for highlighting predatory lending and abusive credit card fees, argue that she’s using her post to push her own, anti-industry agenda.
SNIP
Two members, AFL-CIO associate council Damon Silvers and New York State Superintendent of Banks Richard Neiman, signed on to the tepid six-month review of the Troubled Asset Relief Program released by the group last month. The two other members - former Sen. John Sununu (R-N.H.) AND Republican Rep. Jeb Hensarling - voted against the entire report.
"The panel did not reach an agreement on either the economic assumptions underlying strategic choices or on the optimal strategy to pursue," wrote Sununu and Neiman, in a dissenting opinion that raised questions about the report.
The dissenters worried that the alternative approaches presented in the report, including nationalization, management changes and the liquidation of failed banks, implied that the banking system was insolvent and that the current plan was already a failure.
SNIP
Since then, Democrats have jumped on an idea that Warren first proposed two years ago, introducing legislation that would create a Financial Product Safety Commission charged with overseeing new consumer lending and investment products.
SNIP
The commission idea is opposed by conservatives and financial services firms, who argue it would prohibit innovation and impose unnecessary additional regulations on financial services companies.
“We wouldn’t be able to invest in anything the commission didn’t decide was absolutely safe for us,” said Peter Wallison, co-director of the American Enterprise Institute’s program on financial policy studies. “There wouldn’t be any innovation and there wouldn’t be any new ideas.”
(Excerpt) Read more at politico.com ...
This is a false flag operation by Politico.
It’s the bankers and their enablers in government who are afraid of what this woman might find ... and report.
That’s why Obama’s Treasury Dept. is withholding information from her.
OK, she a Dem, but it’s not Republicans (unless they are part of the financial cabal to be on the government teat) who are worried about what she might find.
Don’t be punked by this article.
Well they got one part correct!
Do you have any idea who Elizabeth Warren is? She's not just some middle-of-the-road Dem, she's basically a socialist who has been on a crusade against banks for years.
Then maybe she’ll expose some of the dirty ties between banks and Congress.
Perhaps, but you don’t want her to have anything to do with setting economic for financial policy.
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