Bankruptcy

Bankruptcy Hero

By mcbride

As long time readers know, one hero of the bankruptcy world is Professor Elizabeth Warren.  As noted in this interview by  Liz Weston, MSN Money, Professor Warren has: researched and written extensively about the loss of the middle class, head of the Congressional Oversight Panel investigating the governmental bail out and is now setting up the Consumer Financial Protection Bureau.

“Warren, 61, has a way of confounding expectations. Bankers so loathed her for her criticism of their industry that naming Warren as the director of the consumer protection bureau was considered politically untenable last year. President Barack Obama instead hired her as a special assistant to Treasury Secretary Tim Geithner, which didn’t require congressional confirmation.

But recently, in what The Wall Street Journal and others have called a “charm offensive,” Warren has been reassuring groups of bankers that what she wants is more transparency, not necessarily more regulation, which the Oklahoma native likens to fences on a prairie that lawyers can easily dodge around.”

Here is a link to the interview: http://money.msn.com/credit-rating/meet-the-woman-who-scares-the-banks-weston.aspx

Michael

Full post as published by Texas Lawyer Blog on March 24, 2011 (boomark / email).