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Obama's New Consumer Watchdog

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Obama's New Consumer Watchdog - by Stephen Lendman


On September 17, New York Times writers Jackie Calmes and Sewell Chan headlined, "Obama Picks Warren to Set Up Consumer Bureau," saying:


Obama appointed Harvard Law Professor Elizabeth Warren "to oversee" the new Bureau of Consumer Financial Protection (BCFP) "until a director is named later. The appointment (will let her) get the agency up and running without having to go through a contentious (Senate) confirmation battle," one she might lose because of Republican and industry opposition.


She'll be an assistant to the president, a "czar" for some, a designation held by numerous other White House advisors. She'll also be a Treasury Secretary advisor, reporting jointly to Obama and Tim Geithner.


Who Is Elizabeth Warren?


A bio on the elizabethwarren.com web site includes the following:


At age 16, she was an Oklahoma state champion debater.


Her education includes a BS from the University of Houston (1970) and a JD from Rutgers Law School (1976) where she was Editor to the Rutgers Law Review.


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