I was somehow reassured to hear on NPR recently that Harvard credit expert and consumer credit activist Elizabeth Warren is overseeing the handouts, er, I mean bailouts to the financial sector. Sure she and 3 other people are only working part time and still haven't found office space (according to the Huffington Post), but she is a creditable expert who's on the side of the average Joan.
Of course, the less good news is that she admits she hasn't got any idea what the heck is happening to the money. No wonder Congress shied away from bailing out the auto industry without a plan in place first.
Hmmm. Wonder if she'd be up for a job in the new administration?
Further Reading: "Why Elizabeth Warren is an Inspired Choice to oversee TARP," from Conde Nast Portfolio
Related Post: More Children Have Experienced Bankruptcy than Divorce.
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