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[MUST WATCH VIDEO] Chairman McHenry Calls Elizabeth Warren a Liar at Subcommittee Hearing

[MUST WATCH VIDEO] Chairman McHenry Calls Elizabeth Warren a Liar at Subcommittee Hearing


Uploaded by on May 24, 2011

On Tuesday, May 24th 2011, during a hearing in a House Oversight and Government Reform subcommittee, Chairman Patrick McHenry (NC-10) ended the hearing by calling Elizabeth Warren a liar. It was a messy and confusing ending for all watching. Warren had stated that the Chairman’s staff and her, after a late-night, last-minute schedule change, had agreed to let her leave by 2:15 to meet other obligations. You can see the look of shock on her face when he outright calls her a liar.

This video, recorded live, comes from the Oversight and Government Reform Committee’s live feed.

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Testimony of Elizabeth Warren Before the Subcommittee on TARP, Financial Services, and Bailouts of Public and Private Programs 5/24/2011

Testimony of Elizabeth Warren Before the Subcommittee on TARP, Financial Services, and Bailouts of Public and Private Programs 5/24/2011


Testimony of Elizabeth Warren Special Advisor to the Secretary of the Treasury for the Consumer Financial Protection Bureau
Before the Subcommittee on TARP, Financial Services, and Bailouts of Public and Private Programs
Committee on Oversight and Government Reform
United States House of Representatives
Tuesday, May 24, 2011

[ipaper docId=56166612 access_key=key-235muim1ij7lkuv11omb height=600 width=600 /]

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WSJ | Bank Group’s Chief Expects Elizabeth Warren’s Nomination Soon

WSJ | Bank Group’s Chief Expects Elizabeth Warren’s Nomination Soon


Wall Street Journal-

The White House isn’t saying much about whether Harvard law professor and consumer advocate Elizabeth Warren will be named to lead the new Consumer Financial Protection Bureau.

But the head of a key banking industry group believes it will happen soon.

Camden Fine, president and chief executive of the Independent Community Bankers of America, said Monday that he sees a “better than even chance” that President Barack Obama will nominate Ms. Warren to lead the new bureau.


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NYT | An Advocate Who Scares Republicans

NYT | An Advocate Who Scares Republicans


The Wednesday morning hearing was titled “Oversight of the Consumer Financial Protection Bureau.” The only witness was the piñata, otherwise known as Elizabeth Warren, the Harvard law professor hired last year by President Obama to get the new bureau — the only new agency created by the Dodd-Frank financial reform law — up and running. She may or may not be nominated by the president to serve as its first director when it goes live in July, but in the here and now she’s clearly running the joint.

And thus the real purpose of the hearing: to allow the Republicans who now run the House to box Ms. Warren about the ears. The big banks loathe Ms. Warren, who has made a career out of pointing out all the ways they gouge financial consumers — and whose primary goal is to make such gouging more difficult. So, naturally, the Republicans loathe her too. That she might someday run this bureau terrifies the banks. So, naturally, it terrifies the Republicans.

[Image credit: MSNBC]

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Simon Johnson | Who’s Afraid of Elizabeth Warren?

Simon Johnson | Who’s Afraid of Elizabeth Warren?


By Simon Johnson

The next big political battle in Washington – after the budget debate is declared “over” – will likely feature the Consumer Financial Protection Bureau, in particular the fight to determine whether Elizabeth Warren can become as the agency’s first official head.

But will this fight feature a classic left vs. right set-piece confirmation showdown in the Senate?  Or it will it be resolved with cloaks and daggers closer to the White House – with Treasury Secretary Tim Geithner managing to prevent Professor Warren’s nomination?

There is much to commend the left vs. right scenario.  The Republicans, after all, want to argue that regulation is excessive in general and regulation of financial products is somewhere between unnecessary and dangerous for economic growth in particular.  This theme came up during the Dodd-Frank legislative debate on financial reform last year but it was largely lost in the larger conversation.

Elizabeth not only deserves this,

she earned it.

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Testimony of Elizabeth Warren Special Advisor to the Secretary of the Treasury for the Consumer Financial Protection Bureau

Testimony of Elizabeth Warren Special Advisor to the Secretary of the Treasury for the Consumer Financial Protection Bureau


Testimony of Elizabeth Warren Special Advisor to the
Secretary of the Treasury for the Consumer Financial Protection Bureau
Before the Subcommittee on Financial Institutions and Consumer Credit
Committee on Financial Services
United States House of Representatives
Wednesday, March 16, 2011

The current economic crisis began one bad mortgage at a time. Mortgages that promised investors huge profits for low risks were the raw material of the securities that contributed to the near collapse of the worldwide economy. Irresponsible lending that encouraged people to buy homes with no realistic hope of ever paying off their loans has now led millions of families into foreclosure and bankruptcy. If there had been just a few basic rules and a cop on the beat to enforce them, we could have avoided or minimized the greatest economic catastrophe since the Great Depression. In the future, the new consumer bureau will be that cop.

[ipaper docId=50869746 access_key=key-a81fljm2c15vhtvrwbm height=600 width=600 /]

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