Not really.
But our current president needs to appoint Professor Warren to head the new Consumer Financial Protection Bureau, and to do so immediately. The agency is her idea, after all, and she is our leading consumer advocate in these times when those who should be protecting us aren’t.
Treasury Secretary Timothy Geithner and National Economic Council Director Larry Summers have long shown themselves too tied to Wall Street. Indeed, one of Warren’s main contributions in recent years is her role as Chair of the Congressional Oversight Panel, which investigates the big bank bailout. You need to watch only one YouTube video to see that she isn’t afraid to take on Geithner and to hold him accountable on our behalf.
As one who has long studied and published on consumer spending, debt, and bankruptcy, Professor Warren understands better than Obama’s elite circle the financial challenges facing middle America. She knows the predatory behavior of credit card companies and mortgage lenders and is willing to take them on.
Moreover, she resembles us. A Harvard professor, yes, but she graduated from Houston University and took her law degree from Rutgers. Finally, someone with non-Ivy League degrees. Someone, as she told Newsweek, who has “worried about money from the time [she] was a little kid.”
With her appointment we would finally have someone representing us. Isn’t it about time?
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