Elizabeth Warren is the One to Appoint

Here are some things we can all agree on regardless of our position on the appointment. Let’s look at the attributes of this candidate for the job of heading the Bureau of Consumer  Financial Protection:

  • SMART (HARVARD)
  • CREDIBLE
  • WELL-INFORMED
  • EXPERIENCED
  • DEVOTED TO HER DUTIES (CONGRESSIONAL OVERSIGHT COMMITTEE CHAIRMAN)
  • STUDIOUS
  • THOUGHTFUL
  • CAPITALIST IDEOLOGY (BLAMES PEOPLE NOT THE SYSTEM)
  • PATRIOTIC (CONCERN FOR NATION AND CITIZENS)
  • PASSION FOR THE JOB

There are other attributes as well that even the most conservative people would agree with. So why is there opposition? ANSWER: Ideology.

Because there are people who fear big government there are politicians willing to pander to those people as though THAT was the issue. It isn’t. The legislation has passed. The law exists. The Bureau has been created.

The question is not whether we should have a government solution. The question is who should be the the leader of the institution created by congress to handle the consumer side of the financial system.

Why wouldn’t you want a person with the attributes listed above to be the one to be in charge of the Bureau? What is in it for you to see someone with fewer attributes or less conviction about their job in protecting consumers from convoluted schemes emanating from Wall Street? Do you really think that the country would be better off if the appointment goes to someone who is less suited for the job?

The controversy here is not between reasonable people. It is between established people on Wall Street and the rest of the nation.

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