Obama to Use Pension Funds of Ordinary Americans to Pay for Bank Mortgage “Settlement”

[ProSense]

13. Wrong

Yves Smith appears to hate the Democratic Party. She jumps all over the place making wild accusations and spinning things into conspiracies.

From the OP:

To add insult to injury, Obama is apparently going to present his belated Christmas present to the banking industry as a boon to ordinary citizens. He refused to appoint a real middle class advocate, Elizabeth Warren, to the Consumer Financial Protection Bureau, but he’s not above stealing her talking points.

Here's what she wrote about Warren in October:

Elizabeth Warren’s Jobs Plan: War with Iran

As much as your humble blogger still regards Elizabeth Warren as preferable to Scott Brown in the Massachusetts Senate race, the evidence from her campaign is that she is no progressive, unless you define “progressive” to mean “centrist/Hamilton Project Democrat willing to throw a few extra bones to the average Joe.”

We’ve warned repeatedly that Warren not being all that left leaning was a real possibility. Her views on anything other than consumer banking regulation were unknown; she was a Republican prior to her conversion experience through extensive research into bankruptcies, which revealed that the overwhelming majority were responsible people who hit a stretch of serious bad luck. As much as her and her daughter’s book The Two Income Trap is well thought out and argued, they structured the problem as narrowly as possible, around the bidding war for housing and how it led more wives into the workforce, ending their role as secret insurance policy/potential breadwinner. The bigger frame, which Warren ignored, was stagnant worker wages and rising income disparity. Including those issues would have led Warren to consider issues like taxation (how income taxes have become less progressive and have also become more favorable to income from capital) and our multinational-favoring trade deals, and our lobbying-driven industrial policy.

- more -

http://www.nakedcapitalism.com/2011/10/elizabeth-warrens-job-plan-war-with-iran.html

In fact, not sure if she's a libertarian.

Why Liberals Are Lame (Part 2)
http://www.nakedcapitalism.com/2011/03/why-liberal-are-lame-part-2.html