Professor David Coates, Worrell Chair of Anglo-American Studies at Wake Forest University, asks
So why is the possible appointment of Elizabeth Warren to head the agency whose creation she championed now causing such waves? What unwritten codes might Elizabeth Warren inadvertently have broken?
He goes on to review and summarize Professor Warren's reports for the Congressional TARP oversight panel as well as a news interview, concluding that
...Elizabeth Warren has proved over and over again that she will fight for the full implementation of programs designed to promote the health of Main Street, not just that of Wall Street.... in 2009 she had both the capacity and the courage to turn a small but empowered Oversight Panel into a major watchdog for the interests of ordinary Americans. ...since she has performed that task once, she can legitimately be expected to do it again.
There is no gain in giving teeth to a watch-dog if the watch-dog will not bite. Elizabeth Warren clearly bites. It is not much fun for those being bitten, but then they shouldn’t have needed biting in the first place. Biting is good when the cause is right. Tim Geithner might not want Elizabeth Warren to head up the Consumer Financial Protection Agency; but the rest of us definitely should.
Read the full blog here please.