Good News, Everyone, Ctd
Josh Green goes to bat for Elizabeth Warren:
Warren is regarded skeptically by some in the Obama administration for her tendency to be outspoken, which is precisely why consumers trust her. The tendency of Obama officials, especially the economic team, is to speak in the bland jargon of technocrats. But with an election looming, the White House needs someone who can explain its policies and convince voters that it is working in their interest. That may be why the administration seemed to soften its tone toward Warren this week. "I think she would be a very strong leader of this organization,'' Treasury Secretary Tim Geithner said. Warren's reputation would help not just the consumer agency, but the White House, too. And that could be key to holding power.
CJR laughs at Wall Street's fear of Warren.