Well, this roused me out of my two month stupor.
It’s pretty clear that a lot of folks on Wall Street don’t like Elizabeth Warren, probably (I like to think) for the same reasons that many more people do.
Which is, she calls Wall Street, and two Presidents’ Treasury Departments, on their crap.
So today, I send giant “go f&#k yourself” Anton Schutz (I so hope his name rhymes with “putz”), the President of Mendon Capital Advisors, who simply can’t bear the thought of Professor Warren heading up the new Federal Consumer Protection agency.
I get disgusted every time I hear her speak. It’s like she’s sitting in some ivory tower, not understanding the ramifications of anything she says. Any person you put in that role really ought to have some industry experience.
Sure. Because when Congress created a Consumer Financial Protection Agency, they really were trying to protect Wall Street.
OK, maybe they were. But they’re trying really hard not to let on.
And by “not understanding the ramifications,” I think Anton means “jeopardizing my bonus.”
It’s almost like the banksters want folks to attack them with torches and pitchforks.
Until then, a Consumer Financial Protection agency headed by someone who is actually interested in consumer protection will have to do.