Stewart: Big biz turned Elizabeth Warren into ‘Che Guevara’

[Playinghardball]

Source: RawReplay
By Stephen C. Webster

On Tuesday night’s Daily Show, host Jon Stewart welcomed consumers’ rights advocate Elizabeth Warran for an extended interview on her push to lead President Obama’s Consumer Financial Protection Bureau.

Republicans and other big business advocates have fiercely resisted the potential for her to take the agency’s reins, prompting Stewart to suggest they’d turned her into some sort of socialist revolutionary-like figure.

“I don’t want to say Che Guevara,” he joked.

If Warren is picked to lead the agency, she would have to be confirmed by the Senate, which may be difficult. President Obama and his aides were reportedly looking for some kind of compromise nominee who would clear the confirmation without trouble, but it was unclear who that might be.

Watch the complete, extended and uncensored interview below.

http://www.rawstory.com/rawreplay/2011/04/stewart-big-biz-turned-elizabeth-warren-into-che-guevara/

[frazzled]

1. I don't know why they should

She's hired tons of business/Wall Street insiders:

Elizabeth Warren, the Harvard University law professor who is setting up the Consumer Financial Protection Bureau, announced her latest string of hires on Thursday, including former managing directors at Deutsche Bank and Morgan Stanley.

Congress created the Consumer Financial Protection Bureau to protect consumers from abuses in the lending industry. Now the bureau is turning to former members of the industry to help it police banks, credit card companies and mortgage lenders.

“Building a team to develop smarter financial regulations means hiring top-notch leaders with a wide range of experiences,” Ms. Warren said in a statement.

The bureau’s hires announced Thursday include Rajeev Date, the former Deutsche Bank managing director. Mr. Date, who also worked at Capital One Financial as a senior vice president, will be the bureau’s associate director for research, markets and regulations.

“Raj Date and his team bring a wealth of experience in the financial services industry, government, nonprofits, community banking and academia,” Ms. Warren said.

Ms. Warren also hired Elizabeth Vale, a Morgan Stanley managing director who was vice president and portfolio manager at Philadelphia National Bank. Her industry experience will come in handy — she will serve as a liaison to community banks and credit unions.

Ms. Warren’s hires also include a former financial industry lawyer, a former senior employee at the mortgage-finance giant Freddie Mac and Corey Stone, who once was the chairman of Start Community Bank in New Haven, Conn.

http://dealbook.nytimes.com/2011/02/17/consumer-watchdog-hires-former-bankers/

**I post this excerpt from February not to criticize Warren for these hires, but to point out how hypocritical it is when people criticize the president any time he talks to someone who has been on Wall Street or a bank. I guess that would at times include Stewart**

[Thunderstruck]

2. Any details on her hiring choices? Are they the ethical among the sharks?

Or are they themselves sharks?

You know, it is possible for good and moral people are in that industry.

[frazzled]

3. I'm sure they will do their jobs well ...

They were picked because they have knowledge of the industry (a necessity, I should think, for being able to regulate the industry), and because, on some level, they have the ethics and skills to do it.

It's like soldiers: they do the jobs they're given.