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The Dodd-Warren Rift: President Obama Can you Hear Me?

By Nathalie Martin

With even Dr. Phil coming out in favor of Warren for CFPB head, Chris Dodd very much opposed and waffling about why, and a new rap video about Professor Warren going viral, according to an article in the New York Times, Americans are waiting to see what the President will do. I agree with readers who say this?ll take some courage, but Mr. President,you wouldn't you ignore Professor's Warren's record and instead listen to Senator Dodd, woudl you? That wouldn't make much sense. By the way, I am not friends with Elizabeth Warren (unlike Dr. Phil apparently and many of my co-bloggers) and have never given a dime to any political campaign.  Differences in world view aside, no one can claim this Harvard law professor is not the most qualified. The CFPB is a reality now and going to be staffed, no doubt at very significant expense. If we are going to do this, and I guess we are, why not give credit-crushed consumers (see today?s New York Times) good value for their money and appoint someone who will most swiftly and efficiently fulfill the mission (and namesake) of the bureau. In this instance in particular, shouldn't we get our money's worth?  

Full post as published by Credit Slips on August 22, 2010 (boomark / email).