By GottaLaff
Your Daily Dose of BuzzFlash-- Today's episode: Elizabeth Warren explains it all:
Warren gave us a brief history lesson where we went in boom and bust cycles, hitting a bust every 15 years or so until the Great Depression. After the New Deal, we went 50 years without a major bust, until Ronald Reagan put his stamp on regulation, and then we had the savings & loan crisis. She noted that we have been "pulling the threads of regulatory fabric."
It takes someone really smart to sift through the economic insanity that is the banks and insurance companies such as AIG, and oversee the TARP funding for these companies. Fortunately, we have such a person in Elizabeth Warren -- professor of law at Harvard, where she teaches contract law, bankruptcy, and commercial law - in her role as chair of the Congressional Oversight Panel.
But despite the rosiness, Warren is fighting a losing battle, trying to get the word out about what is going on, and what we should watch for to make sure the money is being spent well.
Please read the whole post
here. Warren was terrific as always. She has been on the Rachel Maddow Show, too, and never fails to enlighten us in a really charming, economy-wizard-geeky kind of way.
Sidebar: BuzzFlash's Mark Karlin was just a guest on the Nancy Skinner radio show.
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