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The battle over Elizabeth Warren

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  • Real consumer protection against fraud and misinformation in financial services is something the "financial sector" has fought for years. The catastrophe that required a $4 trillion public fiscal and credit injection into the economy makes no impression on the people whose reckless, unregulated behavior caused it, and whose bread is now buttered with its spoils.
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  • The Case For Elizabeth Warren
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John Case, People's World

Who is surprised that the banking industry is drawing a line in the sand to prevent the nomination of Elizabeth Warren to head the new consumer financial protection agency?

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Sen. Chris Dodd - who wanted to leave a legacy as a pragmatic financial reformer - has begun a frankly humiliating process of damning with faint praise the one individual who has conducted herself with striking integrity throughout the entire bailout and rescue drama of the past two years. "Elizabeth would be a terrific nominee," said Dodd, the Connecticut Democrat who leads the Senate Banking Committee. "The question is, ‘Is she confirmable?' And there's a serious question about it."

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This compares in spinelessness to Agriculture Secretary Tom Vilsack's termination of Shirley Sherrod, and his subsequent "acceptance of responsibility" - what does that mean exactly?

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Related:

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The Case For Elizabeth Warren, Katrina vanden Heuvel, The Nation
Elizabeth Warren should be the top contender to head the new Consumer Financial Protection Bureau. After all, it was her brainchild, her baby.