Elizabeth Warren has just one plan [View all]
A detailed look at Warrens successes and failures at the start of the CFPB and what they tell us about how she might govern.
By Emily Stewart
Vox.com, Sep 20, 2019, 8:30am EDT
Sen. Elizabeth Warrens unofficial campaign slogan is shes got a plan for that. The reality is, she has just one.
She wants to finish what she started when she first came to Washington. And she will bring with her a cadre of energetic, ideologically committed regulators who will go after the bad guys of corporate America who she believes have crippled the national economy.
If Warren wins the presidency, she, like any Democrat, will face steep odds of getting an ambitious legislative agenda through Congress. The real action in any administration is executive in nature: knowing what regulatory buttons to push, which enforcers can really go foor blood, who to put where, and how to manage them.
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Warren saw Geithner and other key members of Obamas team such as National Economic Council Director Larry Summers (and by extension Obama himself) as too soft on Wall Street and too compromised by ties to the business world. These days, Siewert runs global corporate communications for Goldman Sachs, Geithner is president of the investment bank Warburg Pincus, and Summers has moonlighted as an adviser to Citigroup and D.E. Shaw while teaching at Harvard and taking shots at Warrens wealth tax.
I spoke with 30 current and former government officials and employees, lobbyists, industry insiders, consumer advocates, and members of Warrens inner circle to understand who Warren really is, not only as a policymaker but also as an executive, a decisionmaker, and a leader. Her supporters and detractors describe her as ruthlessly committed to her ideals and ruthlessly effective at making them real.
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https://www.vox.com/policy-and-politics/2019/9/20/20867899/elizabeth-warren-cfpb-founding-plans-obama-president