July 17, 2010

There's no other choice

I realize that in governmental circles the term "Slam Dunk" has gotten a bad rap since George Tenet used the phrase to describe the CIA's evidence that Saddam Hussein and Iraq had weapons of mass destruction, and I agree that when one hears it used to describe things which are subjective one should be skeptical.

However. If ever there were a job appointment which ought to be a slam dunk, it's the appointment of Elizabeth Warren to head the new Consumer Financial Protection Bureau created by the Financial Regulation Reform bill.

The board was her idea in the first place. In the past two or three years she has spent nearly all of her time advocating for the creation of such a board, one with strong muscles and broad powers. Of the entire crowd of people the public has seen testifying about the financial meltdown and its causes, she's the one who's most clearly been on the consumer's side.

This is a no-brainer, Mr. Obama. Appoint Ms. Warren to head the CFPB.

Posted by Linkmeister at July 17, 2010 09:58 AM | TrackBack
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