Watch this video interview of Elizabeth Warren as she discusses her role as the Chair of the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP).
Follow this link to the Huffington Post coverage of this interview.
I thought that most of the interview was absolutely wonderful and the points she made were great. She explains how you can be a strong proponent of capitalism and want the markets to be run transparently. In fact, if you are a strong proponent and have faith in the way it is supposed to work, then you ought to want such transparency. She explains why you need regulations to insure that such transparency exists.
The only part where I have a little disagreement is in her comments about how the bailout was done. Her analysis of the problems with it are unarguable. She says she wouldn’t have voted to do it the way it was done. What is missing is an an explanation of what she would have done and the impact her method would have had on the world economy.
If she could explain what she would have done differently, how she could have passed such a plan through the political system, and make a plausible case of what the outcome would have been. Then that would be an improvement over just saying that she didn’t like the way it was done.
Follow this link to another interview with Elizabeth Warren. This interview is on the NOW program on PBS. It covers some new ground compared to the above interview. To be fair, I caught a few journalistic tricks that were used to over emphasize her points. However, there is still a lot of valuable information in the interview.