Academic

Person of the Year: Harvard Law Prof Liz Warren?

By Tim Zinnecker

In recent days, Time magazine named FRB chairman Ben Bernanke as its "person of the year."

Loren Steffy, a business columnist for The Houston Chronicle, offers a different choice:  Harvard law professor Elizabeth Warren, who has been the subject of previous Lounge posts here, here, and here.

Steffy writes in part:

Since being tapped by Congress to keep an eye on the TARP this year, Warren has warned that banks aren't as healthy as they're saying they are, and she's voiced concerns that the worst of the problems with smaller banks may not be over.

Once again, Washington is telling her to talk to the hand.

For most of this decade, Warren has been right, she has sounded the alarm early and often, and she's been ignored.

She herself noted in testimony earlier this year that the Treasury Department was brushing off her latest concerns about the banking industry.  We ignore her at our own peril.

His full column is here.  He also blogs about his choice here.

I'll jump on your wagon, Mr. Steffy.  But you gotta plug Professor Warren's knowledge of UCC Article 9!  To use the vernacular of a younger generation, Secured Transactions rocks!

Full post as published by The Faculty Lounge on December 21, 2009 (boomark / email).