Wednesday, March 3, 2010

girl crush: elizabeth warren.

Saw her on Bill Maher and decided she is the coolest.
I love that her style showcases what she values: classic, basic, no fuss.
Oh, and she's hella smart and absolutely committed to getting real things done for real people.

"Obviously, it's difficult to stay a credible nation when raising children, staying healthy, and/or buying a roof to put over one's head are pushing most of the populace over the abyss—a rather scary reality that our lenders, who are already beginning to sound like debt collectors, seem to realize. When I tell Warren that everything seems to go back to her original research, she is too modest to agree, throwing out a truism instead: "We can't have a modern economy without solvent banks, but we can't have solvent banks or a functioning economy without solvent families." That such a notion remains controversial is almost mind-numbing.
Before the crisis, Warren used to confront members of Congress and ask for the endgame plan for all the debt piling up in the economy. She was inevitably greeted with blank stares and empty smiles. She used to write letters to Alan Greenspan. They went unanswered. Now, as one of the most important people in D.C., she is writing letters to Tim Geithner that sometimes suffer the same fate. "We do not seem to be a priority for the Treasury Department," Warren observed during her most recent testimony, explaining why her panel has not received any explanation for the
Treasury's $80 billion overpayment for the first round of toxic assets.
Geithner may believe that when wishful thinking is the linchpin of economic policy, transparency is irrelevant. If so, he will find a formidable opponent in Warren, who understands that the bailouts are about much more than cleaning up balance sheets. "Aligning the interests of Americans and the financial services industry is critical," she tells me. "We can't perpetuate the notion of secrecy on Wall Street any more than we can tolerate the secrecy of how a credit card works or the underlying setup of the home mortgage. American families must be at the decision-making table, both for their own economic survival and for the survival of the country." Amen.

(James Scurlock).