Most of the big banks have kept quiet after President Obama controversially recess-appointed Richard Cordray to his throne atop Consumer Financial Protection Bureau. We still don't know how much this new bureaucracy will annoy the banks, but one can assume they were just fine with the previous arrangement, in which…
Elizabeth Warren, the consumer advocate and Harvard professor who's heading up the brand-new Consumer Financial Protection Bureau in its infancy, stopped by the House of Representatives today for a hearing called — seriously — "Who's Watching the Watchmen?" It got kind of intense!
Barack Obama officially hired liberals' favorite consumer-protector, Harvard professor Elizabeth Warren, to his administration today. She wasn't nominated to head the Consumer Financial Protection Bureau as expected, just to advise the administration as it sets up the agency. Still, good!
A revealing moment in Barack Obama's press conference today: he showered praise on rock-star consumer advocate Elizabeth Warren, promising an "official" announcement soon. Will he grant liberals' wishes and appoint her to the new consumer protection bureau? Sounds likely!
So there's actually a Western-themed rap song and video about nominating professor and tough TARP overseer Elizabeth Warren to head the new Consumer Financial Protection Bureau. (Which Obama should do!) It's strangeness is only matched by its importance, to nerds.
