If you wonder why so many people are concerned about Harvard professor Elizabeth Warren’s potential appointment to lead the Obama administration’s new consumer financial protection agency, the headline of a new Bloomberg Businessweek cover story offers a good clue:
She’s With the Government, And She’s Here to Help
You might also appreciate this North Carolina-related excerpt from the piece:
Were it not for a head of prematurely gray hair, Patrick McHenry could still pass for the college Republican he once was. Elected to Congress from North Carolina seven years ago at age 29, he speaks through an assiduous smile and arches his eyebrows as he listens—furrowing them quizzically at arguments he disagrees with. In late May, McHenry assumed the role of Warren’s chief antagonist in Congress. At an oversight hearing he was chairing, McHenry accused Warren of misleading Congress about whether she had given advice to Treasury and Justice Dept. officials who were investigating companies for mortgage fraud. McHenry said she had concealed her conversations. Warren insisted she had disclosed them.
The hearing then took a bizarre turn. McHenry called for a recess so members of the committee could go to the House floor for a vote. Warren replied that she had agreed to testify for an hour and could not stay any longer.
“Congressman, you are causing problems,” she said. “We had an agreement.” Offended, McHenry shot back: “You’re making this up, Ms. Warren. This is not the case.” Warren’s response, an outraged gasp, was played on cable news.