One of the happier events of the past couple of years has been the emergence of Elizabeth Warren from the shadowlands of academia into a public role as the official TARP whistleblower.
She is very, very smart. She is plain-spoken, explains big complex problems in an understandable fashion. She uses language to communicate and illuminate, not to evade and confuse.
In other words, she does not engage in double-talk, like Zimbabwe Ben, TurboTax Timmy, President Teleprompter, Miss Nancy and Mr. Harry.
Like the rest of us, she is exasperated with what has happened, and what continues to happen. You can tell by her demeanor, she doesn't suffer fools gladly. She's not running for anybody's office. She acts like someone who would rather go home, pet her cat, tend her garden, supervise her grad students, and otherwise be left the hell alone.
OS salutes her, and wonders if she couldn't be kidnapped and installed as head of Treasury, or the Fed, or President for a few years. If the Senate had fired ZB's scurvy behonkus, we could've hired Elizabeth, you know....
Today, her office issued an extensive report on the coming crunch for the community banks due to the commercial real estate deflation.
She made an appearance this afternoon on Fox Business, shared below. It's a lively and funny conversation, especially toward the end. She concludes with the thought, 'If you want to gamble, use your own money, and if you go down, just make sure you don't splash on the rest of us.'
OS hopes you take the time to enjoy this. Warren really is on her game here.
1 comment:
"Over-investment and over-speculation are often important; but they would have far less serious results were they not conducted with borrowed money." —Irving Fisher (1933)
same as it ever was Jeff
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