Didn’t think of it this way
October 1, 2010 | CFPB Nomination, Elizabeth Warren, Financial Reform Bill - CFPB, federal legislation | Comments (0)But William D. Cohan, the Wall Street blogger at the New York Times did:
Warren is clearly one persuasive lady. But what hath the mild-mannered Harvard professor wrought? In addition to committing us to creating an entire new bureaucracy at a cost of $500 million (and rising) a year, her brainchild gives us all yet another excuse to avoid taking responsibility for our own actions. Instead of being prudent with the amount of personal debt we take on, instead of reading carefully the documents we sign — be they for new credit cards or new mortgages — and instead of learning how to live within our means rather than light years beyond them, we can now continue to blame others for our own failings. This is not progress.
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