A Very Dangerous Woman

I think she is a slick commie. But Newsweek reports:

Conservative Joe Scarborough thinks she should be treasury secretary. Lefty Matt Taibbi thinks she should run for president. Wherever you sit on the political spectrum, it's clear that Elizabeth Warren, the Harvard Law professor charged with overseeing the government rescue of the financial system, has struck a nerve with her plain-spoken populism.

Here is part of a Q & A with Newsweek:

Should the government step in and break up the biggest banks?

There are a lot of ways to regulate "too big to fail" financial institutions: break them up, regulate them more closely, tax them more aggressively, insure them, and so on. And I'm totally in favor of increased regulatory scrutiny of these banks. But those are all regulatory tools. Regulations, over time, fail. I want to see Congress focus more on a credible system for liquidating the banks that are considered too big to fail. The little guys aren't immortal; they pay for their mistakes. The big guys can't be immortal either. A free market cannot operate in a too-big-to-fail world

How slick is her answer? She gets in she is in favor of every regulatory option possible. BUT, she wants to see, "Congress focus more on a credible system for liquidating the banks that are considered too big to fail." You know what she thinks is credible? Nationalization.

This is what, former U.S. Senator John E. Sununu and Richard H. Neiman, Superintendent of Banks for the State of New York, who are members of her TARP Oversight committee, wrote in dissent of her initial TARP report:

...we are concerned that the prominence of alternate approaches presented in the report, particularly reorganization through nationalization, could incorrectly imply both that the banking system is insolvent and that the new Administration does not have a workable plan.

She's thinking and writing about nationalization and throws the words "free market" to catch those that will bite at buzzwords, such as, apparently, Joe Scarborough. As for Matt Taibbi, he is beginning to look more and more like a slick Edwards operative.

As if Edwards needs help in the word manipulation department. Get a load of this part of the Newsweek Q & A:

You're always mentioned as the potential head of the Consumer Financial Protection Agency.

I'm not going to. I'm teaching my classes, doing my research, and helping out where I can. This is at least what I'm learning from Washington—how to duck an occasional question.

This babe will lie and deceive with the best of them. She probably already has her CFPA business cards printed up.