Tuesday, August 3, 2010

Elizabeth Warren Backed By Coalition Of Academics To Head New Consumer Agency


If the Obama administration is looking for a way to energize the electorate for the coming mid-term elections, I see no better way than to have Elizabeth Warren head the new Bureau of Consumer Financial Protection.

When congress put together the new Wall St. reform legislation, the main criticism was that it didn't have teeth - on its own. It all depended on who would lead the CFPB. Basically, many were left wanting b/c the Congress 'passed the buck' instead of having some backbone. The head of the CFPB, however, has ENORMOUS power. Nothing would show that this reform was meant to be serious more, than having Elizabeth Warren as its head.

Congress has done its job Mr. President. Now its your turn. Show some guts! Shooting for the middle just won't get people energized and out voting in droves like they did just two years ago. Show people that they weren't wrong to work so hard to get you elected. YOU are now the person we've been waiting for.
Read the Article at HuffingtonPost

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