Wednesday, November 18, 2009

You should probably watch this

The New Yorker's James Surowiecki interviews chairwoman of the Congressional Oversight Panel for the Troubled Asset Relief Program, Elizabeth Warren. You may remember her as the woman who has no judicial of legislative authority to actually do anything about what she sees, but still is willing to go and and scream till she's blue in the face about how, say, we won't ever know where TARP funds went or how they were used, that this crisis has largely assaulted on the middle class, all of our efforts were geared towards rescuing the top of the system while leaving the bottom to fend for itself, the inconsistencies in the Detroit/Wall Street bailouts, and why there needs to be a Consumer Financial Protection Agency with real power to do something.

That is largely the point of this interview, not only why we should have a Consumer Financial Protection Agency, but what regulation is necessary to move forward with as little of the "world collapsing financial crises" as possible.

Well said. Perhaps she should run for higher office.

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