Huffington Post tells us that
Elizabeth Warren was the first senior Obama administration official to recognize the potentially incendiary impact of a bill that would have made it significantly easier for mortgage companies to foreclose on homes, and her subsequent warnings played a crucial role in persuading the President to veto the measure, according to freshly released documents and people familiar with the deliberations.
The disclosure that Warren was instrumental in halting a bill that would have streamlined the foreclosure process comes as she confronts fierce criticism from Republicans on Capitol Hill for the way she was appointed to construct a new consumer financial protection bureau, and characterizations that she is inclined to take an overly punitive tack with Wall Street.
Overly punitive? Overly punitive???? Overly punitive the way your parents were "overly punitive" when they took away the car keys after you drove drunk and into a ditch? Or "overly punitive" as in treating them like adults and forcing them to play by the rules of the game? Or "overly punitive" as in demanding the same "personal accountability" that is so frequently and lovingly inflicted on the poor and uninsured in hope of helping them to see and mend the error of their allegedly myopic ways?
As I contemplate all that I have to be thankful for on this 2010 Thanksgiving Day, President Obama's appointment of Elizabeth Warren to roles in which she has acted as advocate for those of us that the law and regulation should protect is very near the top of the list. Elizabeth Warren, herself, is even higher on that list. Please join me as I try to fill my heart with gratitude for small glimmers of light.
hat tip, rjs.