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February 19, 2013

Elizabeth Warren Upsets Beltway At First Committee Hearing

Posted in: Uncategorized

Well that didn’t take long.

After Politico speculated Warren would keep a low profile it appears Senator Warren plans on open combat. The Senator laid into do-nothing bank regulators at her first committee hearing.

As a member of the Senate Banking Committee, Warren questioned seven regulators and asked them to recount the instances of when they had taken big financial institutions to trial.

The clips captured two exchanges with the senator: one was with Tom Curry, Comptroller of the Currency, and the other with Elisse Walter, chairwoman of the Securities and Exchange Commission.

Curry responded by referencing out-of-court settlements and replied: “We do not have to bring people to trial.”

Warren simply said: “I appreciate that you say you do not have to bring people to trial…My question is– when did you bring them to trial?”

Not surprisingly the event triggered an abysmally stupid blog post by Erik Erikson at Fox News that attempted, in some form of diminished capacity mental jujitsu, to try and blame Senator Warren for the banks breaking the law. Basically Erikson’s argument was “it’s opposite day.”

But beyond the moronically partisan are another group upset by Elizabeth Warren’s behavior, a group even more insidious and reactionary – the DC establishment. According to David Sirota, Democrats in DC are expected to keep a low profile and simply advance their careers not actually take on entrenched interests.

There is an enormous difference between achieving personal political success and actually doing something for the country – and the Washington political class is at once obsessed with the former and utterly uninterested in the latter. And because silence has been the clearest path to ascension in the Democratic Party, both the establishment and even some of the left-leaning media laud it as the ultimate sign of Seriousness for a Democratic politician…

With Warren, though, that may change. She is someone who comes to the chamber with a no-holds-barred record that doesn’t conform to the country club’s staid rules. Not only that, she has ascended at a moment where groups like the Progressive Change Campaign Committee have built powerful political infrastructure to reward and incentivize her and other liberals to expose – rather than embrace – the D.C. omerta.

Let’s hope Warren becomes the rule rather than remaining the exception.


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