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View Diary: Who is Elizabeth Warren? (317 comments)

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  •  She has more experience than the President (11+ / 0-)

    when he took office.

    This isn't a case of the good ole boy network at the Fed working against a tough woman,is it?   Are they wanting to dip into the secretarial pool and find a nice, friendly woman for the job who will cower in fear and do as she's told?

    Some guys can only feel macho if they're picking on women.

    There's no honorable way to kill, no gentle way to destroy. There is nothing good in war. Except its ending.

    by Betty Pinson on Sat Jul 17, 2010 at 06:52:33 AM PDT

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    •  Actually, given the "short list" it (8+ / 0-)

      appears they don't want a cowering woman, but rather are looking to keep this job for themselves.  I can't think of any reason Elizabeth Warren isn't the only name on the list.  She's been the obvious appointee from Day One and the fact that there's a list at all is evidence enough for me that she's being opposed from within.

      Most folks are about as happy as they make up their minds to be. -- Abraham Lincoln

      by Alice Olson on Sat Jul 17, 2010 at 07:28:32 AM PDT

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    •  It's well worth our time (14+ / 0-)

      to make sure this isn't a good ole boy network situation or an attempt to keep an honest broker that they find to be threatening out of power, and to push for Elizabeth Warren as hard as we can.

      For people who want to know what happened to another strong, honest woman who tried to do the right thing in a Rubinite economic cabinet, learn about Brooksley Born in this Frontline documentary titled "The Warning".  In the '90s, Born tried to regulate derivatives and she was shut down by the Clinton economic clan.

      We do have a quote from Ben Nelson about his concern over who will run the CFPB (that didn't come from HuffPo or obviously from an anonymous source) so we know something is up.

      We've also got numerous pieces from well respected media sources.  Here's another one from yesterday:

      The head of the new consumer financial protection bureau will be one of the most important figures in the financial world. This has led to serious speculation over who President Obama might name; concern over who will lead the CFPB even led Sen. Ben Nelson (D-Neb.) to temporarily withdraw his vote for the Dodd-Frank financial regulatory reform bill, which will be signed into law next week.


      Except, Shahien Nasiripour reports at the Huffington Post, Treasury Secretary Timothy Geithner. Why? Because she has been hard on Treasury’s reform efforts. I would not be surprised to hear push-back from Treasury on the story, but it has been in the air for some time that the department opposes her. The question, of course, is how much Treasury’s opinion will influence the White House.

      Whether or not these rumors are concretely sourced, a good number of people who know the ropes in Washington with its mulitude of ways to leak information find it to be credible enough to report on it.  And some in economic circles are doing the same, such as Simon Johnson, MIT professor and former chief economist for the IMF, who just wrote a scathing piece about Geithner, apparently spurred by this information about him opposing Warren.  

      IMHO, that's enough evidence for me to think it's important to spend the time and energy trying to assure that Warren gets this appointment.  This administration has made some really bad, no, worse than bad, appointments in the economic arena.  Let's do whatever we can to make sure that we don't get another Rubinite like Larry Summers in the CFPB.

      I've seen all of this before from Obama's fiercest loyalists who deny the validity of anonymous sources when they don't like the information that was reported.  It happened with the news that the president had cut a deal with AHIP to kill the public option.  It will happen again.  Doesn't matter to me right now.  What matters to me is that Elizabeth Warren gets appointed.  I applaud the people in the blogs and media who are bringing this issue to light.

      •  Agree, we've seen this before (4+ / 0-)
        Recommended by:
        chuckvw, joanneleon, shaharazade, Ginger1

        time and time again.  Their tactics and messaging are straight out of the corporate playbook.

        Her appointment is a top priority and we can't let it get sidetracked by the Obama message machine.

        We already caved once in agreeing to let the CFPB be controlled by the Fed, a major compromise allowing a non-governmental entity to have control over a massive amount of consumer protection regulations.  How the heck did that happen?  If consumers feel they're getting screwed, who do they turn to?  

        There's no honorable way to kill, no gentle way to destroy. There is nothing good in war. Except its ending.

        by Betty Pinson on Sat Jul 17, 2010 at 08:29:12 AM PDT

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      •  Great comment...and right on target. We (6+ / 0-)

        should hold this administration's feet to the fire.  If this is done right, it could really help this administration with the overall perception that they are soft on the banks and Wall Street.  As great as the financial reform legislation is, the part of the legislation that will affect most people is the Consumer Protection piece and if Warren is appointed and comes out swinging, it will go a long way to changing the perception in the general public that they have been sold out. Her appointment is not only the right thing to is a smart political move.

        "When fascism comes to America, it'll be wrapped in a flag and carrying a cross." Sinclair Lewis

        by lakehillsliberal on Sat Jul 17, 2010 at 08:30:31 AM PDT

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      •  Did not know about Brooksley Born, thx (n/t) (0+ / 0-)

        Californians: The Courage Campaign is working for changing the 2/3 budget rule and for ending Prop 8. Go!

        by tmo on Sat Jul 17, 2010 at 12:10:55 PM PDT

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