Economy

Elizabeth (Warren) Explains It All

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In the past few months, Elizabeth Warren has become one of my new favorite people.

Warren—just to remind you—is the Harvard professor, lawyer, author, finance and bankruptcy expert—who also happens to be the head of the Congressional Oversight Panel that is supposed to be riding herd on Paulson and now Geithner’s Troubled Asset Relief Program. (To put it another way, Warren is the head COP watching TARP. Ah, the joy of stupid governmental acronyms!)

I like her because she seems incredibly smart, refreshingly sensible, relatively un-ego-driven—-and pretty pissed off at the secrecy and the foolishness that abounds in this economic mess in which we find ourselves.

(But her pissed-offedness does not take a crazed, Howard Beale-ish kind of form. She is more the savvy but peeved mom who is tired of the kids’ costly shenanigans and wants better behavior and wants it now.)

Anyway, Warren and COP have just issued their latest report, which she explains in this YouTube video.

In it she outlines the three approaches that could be used
to rescue the banking system, and what is right and wrong with each of them. While not exactly reassuring, it will definitely make you feel at least slightly smarter and more knowledgeable by the end of it.

So while we hang on desperately to the crazed and angry bear
to which we all seem to be collectively strapped, knowledge is about all the steadying control that is available to us. I say we gather all we can.

10 Comments

  • What a coincidence. This is included in a comment about Obama’s lack of promised transparency that I just made to our left-wing and un-Christian troll over at Marc Cooper’s.

    Government watchdogs are complaining that Treasury officials are not being transparent enough about how the hundreds of billions of TARP funds are being spent. …Elizabeth Warren, chairwoman of the TARP congressional oversight panel, agreed. She complained that multiple inquiries to Treasury have gone unanswered.

    Some people, however, cannot imagine that Obama or any of his appointees would not be totally forthcoming – unless it involves their taxes, of course.

  • You fucking moron – I haven’t read your last bout of flatulence over there and, frankly, could care less, but the only reason I even recognized your miserable existence is that you made a ridiculously false assertion that Obama promised to withdraw from Iraq in 3 months over at Cooperstown. You’re just the stuff that decent people scrape off of their shoes.

  • Well, reg, so the CIA is following Obama’s practice of erasing web pages, just like Obama does on his ever evolving and broken promises.

    Elizabeth Warren is seeing through Obama’s folks hiding information from oversight panels and the American people. Watch Celeste’s video.

    “Immediate withdrawal” from Iraq were Obama’s first words. He only stretched it out as time went by and as McCain and others pointed out his foolishness. Obama is always needing “further clarification and denials” – just like the White House is doing now in saying that Obama wasn’t really bowing to the Saudi king. What a joke! Well, a President who goes around the world bad-mouthing our nation and denying our Christian heritage would be someone who would place himself below a Muslim leader.

    Here’s the link to my comment addressed to you, since I know that you’re anxious to take it all in: http://marccooper.com/obama-admin-a-cowardly-blackout-on-the-dark-side/#comment-606976

    Oh, instead of saying “I could care less,” don’t you mean “I couldn’t care less,” or do you really mean what you wrote? It’s often hard to tell what you believe; i.e., you’re lying or you believe it and are just stupid. I usually go with the latter one.

    (I think we’ve heard enough from our left-wing and un-Christian troll.)

  • You’re a ridiculous little runt…what possesses you to make such an ass of yourself here ?

  • If Obama wasn’t making a deep bow to the king, then it makes a good case that he was trying to give his highness a royal BJ.

  • Comment #6 followed by #7 manage, against all liklihood given their perverse, unhinged provenance, to set a new record for sheer absurdity married to bizarre and unintentional irony.

  • From a blog some have learned to avoid, comes this bit of information: John Sununu files what amounts to a protest against any discussion of alternative approaches.

    As one commenter quipped,

    John E. Sununu lost his Senate reelection bid to Jeanne Shaheen in the last election. So I have to wonder why is he commenting on the release of a Congressional oversight report when he is no longer a member of Congress – and why should I care?

    Everyone (past, present, and future) has their marching orders donchaknow.

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