Chris Dodd On Elizabeth Warren's Possible Nomination: "Sheila Bair Is A Much Better Candidate" (VIDEO)
Links, story and video are inside.
Video: Senator Chris Dodd with Judy Woodruff
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Most recent news on Warren's possible nomination and confirmation:
In questioning Elizabeth Warren's candidacy to lead a new Consumer Financial Protection Bureau, Senate Banking Committee Chairman Christopher Dodd has repeatedly asked whether Warren possesses the appropriate management experience to lead a large federal bureaucracy.
But it's the first time Chairman Dodd has publicly raised such an issue when it came to evaluating presidential nominees to agency positions under the banking committee's purview.
A review of transcripts from past confirmation hearings shows that Dodd has never questioned the management experience of nominees to head federal agencies his committee oversees. The heads of the Securities and Exchange Commission, Department of Housing and Urban Development, Federal Housing Administration, the Export-Import Bank and the National Credit Union Administration all survived hearings under Dodd's chairmanship without him once asking a question about the experience needed to guide their respective agencies.
Nor did Dodd raise any management questions when prospective bank regulators came before his committee -- even when the regulators did not have significant management experience. In the two years prior to his assuming the chairmanship in 2007, the heads of the Federal Reserve, the Federal Deposit Insurance Corporation, Office of Thrift Supervision, Office of the Comptroller of the Currency, and a prior chief of the SEC all came before his committee. Each time, Dodd declined to ask about their experience running bureaucracies, a review of transcripts shows.
In fact, Dodd didn't even show up for two of those hearings.
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Also check out:
The Real Reason Tim Geithner Is Afraid of Elizabeth Warren
Elizabeth Warren Makes Geithner Squirm Over AIG Counterparty Payments To Goldman Sachs
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Aug 28, 2010 at 7:33 PM
Reader Comments (10)
http://www.huffingtonpost.com/2010/08/26/dodd-elizabeth-warren_n_694648.html
Full article from above...there's more there than what i excerpted...
The cocoon building psychopaths can't have someone who doesn't bleed for their power in their nest. One can't control someone who isn't impressed with the very things that drive them.
Warren isn't impressed with Washington, their power or how they live. She can't come in. She can't be trusted to defy her beliefs in order to protect her power and theirs.
On second thought, Michelle's opinion may not be quite fair to Barack since she may have exceptionally high standards in just how charismatic a Presidential candidate is supposed to be. After all, as teen, she worked as a babysitter for a neighborhood man who was much more handsome than Barack, much more eloquent, a much snazzier dresser, and who ran for President twice as much: Jesse Jackson.
http://isteve.blogspot.com/2010/04/why-michelle-isnt-amazed-by-barack.html
Was Siemens Involved in Dubious Trade?
http://www.spiegel.de/international/business/0,1518,710810,00.html
Engineering giant Siemens has officially stopped doing business with Iran. But German customs officials say they recently intercepted a shipment of Siemens parts whose final destination was allegedly the Iranian nuclear reactor in Bushehr.
Six Degrees of Separation...hmmmm...
The only thing Sheila knows how to do is put taxpayers on the hook for things that there's no way in hell they should be on the hook for. Like GE's garbage paper and Stealth bailouts disguised as hedge fund speculation (PPIP).
No wonder Dodd and Frank fought to keep her around - stooges like her are few and far between.
The sad part is many Americans see her as a real "regulator." Makes me wanna puke.
He knows Dr. Warren will protect the interests of the people and require the financial sector to get it's act together. And that is not the result the puppet-masters pulling his strings are looking for.
Her moral strength and intelligence plus her knowledge of the law put her way ahead of the clowns she will be regulating.
That is unacceptable for the puppet-masters, they will fight for someone they can control to head the Bureau. If they succeed, the Consumer Financial Protection Bureau will end up as ineffective as the rest of the government regulators have proved to be. More offices at the FED full of incompetent bureaucrats, just what the country does not need.