Van Helsing: "The strength of the vampire is that nobody will believe in him."
America's debt to Wall Street has soared since 1945 - and although the banks were rescued at public expense, the public's been left holding the bag for the recent drop in housing prices: more »
This is a joke. Politico is floating the idea that notorious Wall Street crony Rep. Melissa Bean, D-Ill., could be tapped to head the Consumer Financial Protection Bureau if she loses her close election with Republican Joe Walsh. Even for Politico's rumor-mill, this is pretty funny stuff—only slightly less absurd than suggesting that Alan Greenspan might be picked to head the new agency. more »
Today’s absurd William Cohan column actually argues that we don’t need consumer protections in banking—nevermind the subprime explosion, the $8 trillion dollar housing bubble or the 1.2 million foreclosures expected this year. more »
I just got off a "blogger call" with Elizabeth Warren, who President Obama just appointed as a Special Assistant in charge of setting up the new Consumer Financial Protection Bureau. I was able to ask her a question, and asked, "You are about to go up against the most powerful lobbyists in the country. more »
Reports are conflicting, details are uncertain, the White House isn't talking on-the-record, and after a confusing evening, it's still unclear exactly what is going on with Elizabeth Warren's next job. In one sense, it looks like President Barack Obama is pulling out all the stops to get Warren running the Consumer Financial Protection Bureau. more »
ABC News is reporting that President Barack Obama will appoint Elizabeth Warren to a "special advisory" position to set up the Consumer Financial Protection Bureau. more »
Nobody seriously disputes whether Elizabeth Warren is the best-qualified candidate to head the Consumer Financial Protection Bureau. Everybody recognizes the bipartisan political appeal that Warren has with voters, and Democratic strategists know that no action in their power would play better to the party's base than a Warren nomination—a vital maneuver ahead of the November elections. more »
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