Our new consumer regulatory chief Elizabeth Warren - actually she's setting up the agency and moving on because she'd likely have trouble getting confirmation as the new agency chief through GOP obstructionists - is one of the most effective and broadly popular people in the administration. So she's being attacked relentlessly by the Wall Street Journal and Beltway neanderthals like Sen. Richard Shelby (R-Bankistan).
As we quoted Paul Krugman the other day the "purpose of the attack on Ms. Warren was to ensure that neither she nor anyone with similar views ends up actually protecting consumers...For people like Ms. Warren — people who warned that we were heading for a debt crisis before it happened — threaten, by their very existence, attempts by conservatives to sustain their antiregulation dogma. Such people must therefore be demonized, using whatever tools are at hand…"
But Elizabeth Warren is no patsy for the people trying to take her down. Dana Milbank made this clear in a Washington Post article on Professor Warren's grilling by Republicans in Congress: