In recent days, Time magazine named FRB chairman Ben Bernanke as its "person of the year."
Loren Steffy, a business columnist for The Houston Chronicle, offers a different choice: Harvard law professor Elizabeth Warren, who has been the subject of previous Lounge posts here, here, and here.
Steffy writes in part:
Since
being tapped by Congress to keep an eye on the TARP this year, Warren
has warned that banks aren't as healthy as they're saying they are, and
she's voiced concerns that the worst of the problems with smaller banks
may not be over.
Once again, Washington is telling her to talk to the hand.
For most of this decade, Warren has been right, she has sounded the alarm early and often, and she's been ignored.
She
herself noted in testimony earlier this year that the Treasury
Department was brushing off her latest concerns about the banking
industry. We ignore her at our own peril.
His full column is here. He also blogs about his choice here.
I'll jump on your wagon, Mr. Steffy. But you gotta plug Professor Warren's knowledge of UCC Article 9! To use the vernacular of a younger generation, Secured Transactions rocks!