Divisions Emerge Among Republicans Over Elizabeth Warren

Source: The Huffington Post

A growing divide has emerged among Republicans over the possible nomination of Elizabeth Warren to head the new agency designed to protect borrowers from predatory lenders.

Leading Senate Republicans like Minority Whip Jon Kyl (Ariz.) and former Banking Committee Chairman Richard Shelby of Alabama oppose the noted consumer advocate and bailout watchdog, raising questions about her tenure atop the Congressional Oversight Panel and her past academic research into bankruptcy. But some of their colleagues have praised Warren for her work and her intelligence, fought efforts to water down the agency she may lead, and even introduced bills to give her more power to protect taxpayers.

And although Shelby and others raise the specter of Warren, a Harvard Law professor, running an agency they say is intent on choking off credit and hurting the economy in the process, two of Warren's Republican colleagues on the bailout panel said Wednesday that while they "do not share many of Professor Warren's views and opposed the creation of the " they have found her "collegial... professional ... quite willing to modify her views if presented with well-reasoned cogent arguments."

The two Republicans, Kenneth Troske and J. Mark McWatters -- one picked by Senate Minority Leader Mitch McConnell (Ky.), the other by House Minority Leader John Boehner (Ohio) -- added in their statement that the panel has been critical of Democrats and Republicans alike, and that "it takes courage to publicly question the decisions made by members of your own party."

Read more: http://www.huffingtonpost.com/2010/07/28/elizabeth-warren-possible-republican-support_n_662653.html

---

The article goes on to state that "Charles Fried, a Republican and former solicitor general under Ronald Reagan who supported the Supreme Court nominations of John Roberts and Samuel Alito, writes in an op-ed that Obama should give Warren a recess appointment..."

But, personally, I remain unsure: As any good Spidey fan remembers, Professor Warren turned out to be The Jackal! :evilgrin:

...she just disappeared.

I still grieve.

A bizarre loose end to have walking around the world.

Otherwise, he'll cement his reputation as a spineless wuss.

On the other hand, the notion that clear agreements will somehow give bargaining power to prospective credit card holders doesn't seem realistic.

It's better to know ahead of time what to expect and have it explained in simple, concise language. That way I can make a decision whether or not to keep a cc...