I rarely --almost never-- enjoy Jon's two-segment interviews. But I'm kind of hoping for one tonight, with COP chair Elizabeth Warren.
Just in case you've been avoiding the wonk:
...Congress created a Congressional Oversight Panel (COP) to "review the current state of financial markets and the regulatory system."
COP is empowered to hold hearings, review official data, and write reports on actions taken by Treasury and financial institutions and their effect on the economy.
Through regular reports, COP must:
* Oversee Treasury’s actions
* Assess the impact of spending to stabilize the economy
* Evaluate market transparency,
* Ensure effective foreclosure mitigation efforts
* And guarantee that Treasury’s actions are in the best interest of the American people.
Lastly, Congress has instructed COP to produce a special report on regulatory reform that will analyze "the current state of the regulatory system and its effectiveness at overseeing the participants in the financial system and protecting consumers."
Naturally, there's a huge amount of info about Warren (and her commission) round and about. She's hada blogospheric presence for some time now. You might find something of interest in the dKos, CongressMatters, and Google Blog searches -- my favorite blog post was this one. Although this, from Consumerist monday, is good too:
The bailed-out banks have found a new way to annoy the government, according to the Congressional Oversight Panel, the body named by Congress to oversee the federal bailout. Chair of the committee and friend of the blog, Elizabeth Warren, is concerned that the same people who are subsidizing the banks are being targeted by abusive lending practices, says the Wall Street Journal
"The people who are subsidizing the activities of the banks through their tax dollars are the same people who are furnishing the high profits through consumer lending," Ms. Warren told the WSJ. "In a sense, we're asking taxpayers to pay twice."...
So far as the tradMed goes, I found a seattle times blog blip, a recent Newsweek article and a Boston Globe interview that's worth looking at (seriously. Go read). She was on Morning Joe (MSNBC) today, where ( via Huffpo) she pointed out:
Noting that any bank -- however troubled its solvency situation may be -- could pass a stress test that was easy enough, she made the case for the Treasury department to release data on the test itself.
"I want to look at the stress test itself. I want to make sure it is not a two-mile-an-hour walk on a treadmill," she said. "
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