More opinion
September 16, 2010 | CFPB Nomination, Elizabeth Warren, Financial Reform Bill - CFPB, federal legislation | Comments (1)The WSJ has it:
“If Elizabeth Warren is given full power to run the new consumer protection bureau and hold Wall Street accountable, it will mean real change — and voters will know that going into November’s election,” said Stephanie Taylor, co-founder of the Progressive Change Campaign Committee, a liberal activist group. “If this appointment is window dressing and Tim Geithner controls the show, it would be a big disappointment and a victory for Wall Street.”
Chamber of Commerce has a different view:
“By not allowing Ms. Warren’s nomination to be considered through the regular order of the full Senate confirmation process, the administration has circumvented one of the very few checks on a big new agency that already has been given an unprecedented concentration of regulatory powers,” said David Hirschmann, president of the U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness. “This maneuver is an affront to the pledge of transparency and consumer protection that’s purported to be the focus of this new agency.”
Comments»
I thought Warren was all about transparency…then she takes the backdoor into the agency?
She enjoys dishing out the criticism, but obviously can’t take it via the confirmation process.
Typical of a hypocrite