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Do you think Elizabeth Warren is the best choice?

Somewhere along the line, Elizabeth Warren became a symbol. She's either the plain-spoken, supremely smart crusader for middle-class families that her supporters adore, or she's the power-hungry headline seeker her critics loathe, a fiery zealot disguised in professorial glasses and pastel cardigans.

But no one disputes that she's the most prominent and polarizing candidate to lead the new Bureau of Consumer Financial Protection. Read the full article.

By Jodi Westrick  |  August 13, 2010; 7:44 AM ET  | Category:  National Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   StumbleUpon   Technorati  
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Only a tireless, "fiery zealot" can match the unabating, amoral utilitarianism of the banking and credit industries. In view of the way those folks have run amok, the conservative/GOP argument that regulation and oversight stiffle innovation and development is a lie that needes to be continually exposed.

Mrs. Warren can and will do just that.

Posted by: rogied25 | August 13, 2010 11:34 AM

We need a plain-spoken, no-nonsense, cut-the-BS, smart, consumer advocate to straighten out the situation that got us into this mess.

I have no doubt that the toxic mortgages that sank the economy were deliberately designed to go into foreclosure. They were big-time predatory and just on the legal side of outright fraud. You can't qualify someone at a teaser rate and keep raising the rate without hitting a point where the borrower will not be able to pay.

I read one story about a mortgage where the woman only learned after the first year that it was a "negative amortization" loan -- the real rate was higher than they had told her and they were adding the difference between the real rate and what she was paying to the loan principal every month.

Consumers need someone on their side and Elizabeth Warren is the person who can do it.

If her oversight stifles that kind of innovation, then great!!!

Posted by: StanKlein | August 14, 2010 10:04 PM

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