Elizabeth Warren Open Thread

I’m wrapping up a project right now, so can’t blog.  So, here’s an Open Thread, with a little Elizabeth Warren thrown in for good measure:

Now we know why President Obama sought to avoid a messy confirmation hearing for Elizabeth Warren to head the Consumer Financial Protection Bureau. She might have had to respond to reports that she’s a money-grubbing tool of trial lawyers. According to Bloomberg News, even as she was serving as head of the congressional panel overseeing the $700 billion bank bailout this year, Warren took $90,000 to testify in a class-action lawsuit by retailers against several of the major banks whose bailout she was overseeing. She told Bloomberg that she saw no conflict of interest, which speaks volumes about her judgment.

Read the rest here.

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  • http://photoncourier.blogspot.com David Foster

    Wow, that sounds like a pretty serious conflict of interest. Another example of how personally profitable it can be to work in “public service.”
    In addition to other concerns about Warren, it appears that she has very little experience in executive management…something that surely should be a consideration when picking someone to start a new agency?
    Obama seems so obsessed with picking people who look like himself…not in terms of skin color but in terms of educational background…that he will sacrifice many other desirable attributes in an appointee in order to ensure that they conform to this screen. Really, very similar to a bad CEO who will only hire executives who are members of the same country club or of the same ethnic group.

  • Zhombre

    Congressional hearings on her appointment also might have brought out how Warren as an academic and social scientist, manipulates data to achieve pre-set conclusions:
    http://www.forbes.com/2010/08/10/elizabeth-warren-dodd-frank-economy-opinions-contributors-alex-brill-aparna-mathur.html