Elizabeth Warren Splits Progressives On Mortgage Reform.

[elleng]

Sen. Elizabeth Warren (D-Mass.) is dividing Wall Street critics in Congress by leading talks regarding a controversial Fannie Mae and Freddie Mac reform bill that some of her usual allies would prefer to abandon.

Warren is negotiating with Sens. Bob Corker (R-Tenn.) and Mark Warner (D-Va.) over a housing finance overhaul that cleared the Senate Banking Committee in May. The bipartisan bill, authored by outgoing Senate Banking Committee Chairman Tim Johnson (D-S.D.) and Sen. Mike Crapo (R-Idaho), has been sharply criticized by bank reform advocates, including Warren, and some conservative groups for recreating many of the same problematic incentives that took down Fannie and Freddie in 2008.

The dispute among Democrats on the banking committee is mostly over tactical considerations, but it has unearthed an ideological fault line in the progressive movement: Should Fannie and Freddie be reformed to be more friendly to the middle class, or should their operations be scrapped in favor of a private -- or fully public -- system?

http://www.huffingtonpost.com/2014/07/14/elizabeth-warren-housing-finance_n_5577687.html

[Cha]

1. K&R.. mahalo ellen.

[elleng]

2. mahalo, Cha!

[JI7]

3. MADem has mentioned this before

she is her senator and those who actually follow Warren and know what she stands for shouldn't be surprised by this.

[Fearless]

4. Oh she's not splitting progressives

She's splitting the corrupt from those who aren't worried about losing Wall St. bribes *ahem* I mean legal campaign donations. And, I'm perfectly fine with that.

[Scuba]

5. Bingo!

[ananda]

6. That's it.

I really hate the word "progressive" anyway.