Elizabeth Warren on Obama's Bank Plan - "I feel better than I've felt in a long time."

[FrenchieCat]

As posted at GDp.

VIDEO OF ELIZABETH WARREN INTERVIEW



Warren, a Harvard professor and the chief of the TARP Congressional Oversight Panel, told Maddow that she's encouraged not only by the new proposals to limit banks, but also by the president's renewed commitment to an independent consumer financial protection agency.

Warren: "I feel better than I've felt in a long time. Because what I've heard the president saying on the Consumer Financial Protection Agency is, 'It's not going down. I'm here, I'm not giving up on it. There is not going to be a compromise to cave in on it.' I heard him say that we're going to tax those large financial institutions, and we're going to make them pay back all of the money under TARP. And then today, I heard him say we're gonna break apart too-big-to-fail. And we're going to have an answer, so that every financial institution, if it makes big enough mistakes, if it takes big enough risks and loses, every one of them, can in the end, die.... And what I hear in that is that... the financial institutions have pushed him hard... is pushing right back."
http://www.huffingtonpost.com/2010/01/22/elizabeth-warren-obama-is_n_432601.html

[Hekate]

1. Kick, and would Rec if I could.

[SeattleGirl]

2. I like Warren, and I've so glad that Obama has brought her in.

That woman has tons of smarts, and I'm happy that Obama wants to listen to her.

[Cha]

3. Good! More Progress..Not Perfection..

But, we have the Progess going for us instead of regression that so many are fond of.

[anigbrowl]

4. Obviously she has gone to the dark side

...not really. Professor Warren is one of my favorite people, and Obama's inclusion of her and Paul Volcker on his team were the two appointments that impressed me most.