Note on Elizabeth Warren
This post caught my attention, and worth holding in mind as regulation develops.
After several weeks of officially pleasant interactions, signs are emerging that the Treasury Department’s knives may be coming out against Elizabeth Warren. In recent weeks, Treasury officials have leaked details about Warren to Politico as part of what appears to be an effort to paint her as some kind of prima donna. These relatively silly stories raise troubling questions, however, about what Treasury officials may be leaking with fewer fingerprints and greater ramifications.
The Politico pieces have been petty, but there’s no doubt they both came from Treasury. On Oct. 12, Politico ran a piece featuring this anonymous nugget (among others):
If Treasury is indeed behind the Date hit-piece, there could be no real question about Geithner’s machinations. Trash-talking Warren, her top advisers and the CFPB itself would be an unmistakable effort to compromise the entire enterprise. If it worked, Geithner could deny Warren the formal nomination as CFPB director, Warren would go the way of Brooksley Born, and less consumer-friendly officials could quietly crush the young agency.
That would be a shame, since a strong CFPB headed by Warren is the signature accomplishment of the Wall Street reform bill Obama signed this summer. Whatever its other shortcomings, the legislation created the opportunity to level the playing field between bigwig bankers and ordinary citizens and strengthen the financial security of American households.
That’s a big if, of course. But reformers will be watching Treasury very closely from here on out.
Considering that the election is but 2 days away, we won’t have long tpo hold our colective breath to see what Tirbo Timmy & crew will do.
Please excuse the misspelled words, but it seems I need to replace my two finger method, get my eye perscription renewed, and the list goes on. Reality check, I seem to be too old here. Maybe the new Dragon can help this old bird?
Why is a Suprise? Timmy was a part of the assasination team led by Larry Summers who did Brooksley Born in during the closing days of the Clinton Administration. Brooksley Born was the Cassandra then as Elizabeth Warren is today’s Cassandra warning us of the machinations behind the scenes.
Time for another letter to the Pres . . .
Ms Warren you are a trooper. “ONE SHALL CHASE A THOUSAND . . .” You’ve been trumpeting Consumer Rights for many years. I not only have shared info about you and consumer rights, I am very thankful that you stuck your neck out –particularly on behalf of working class people!
Those of us who’ve been following your efforts not only support and applaud you, we are DOING our part to keep the issues front & center so that citizens can be as informed as possible to become better consumers –and watchdogs. Further, we realize that financial reforms are essential to averting ourselves (and our enemies), from drowning in an economic Titanic.
It is ironic Timothy Geithner and Treasury allies oppose you. However, neither Geithner, nor President Obama can override God.
Don’t be deterred by a ‘voiceless’ device (unfortunately often effective) of Powers-That-Be, called: “Slut and Nut” / “Shame and Blame.” (It’s popular where I’m from; and this tactic is alternated as needed for effectiveness.) But, even evil ‘works together for good. . .’
Ms. Warren, Be Encouraged! I offer you this notwithstanding I’m also aggrieved by financial Titans. Further, I pray for your safety, your success, and healing for our nation.
Lastly, whitewashed corruption has ruined our nation. I pray that corruption becomes OVERTHROWN because this election season produces lawmakers who replace corrupt people ‘in high places’. –Barbara Ann Jackson @ http://www.lawgrace.org
Why is Warren’s office over at Treasury? It was my understanding that this bureau will fall under funding from the Federal Reserve. As discussed here: