The WSJ did a piece today on Elizabeth Warren, the new central planner for the financial services industry. That’s not her official title, just a more fitting one. Warren will head up the new Consumer Financial Protection Bureau brought to you courtesy of Dodd-Frank. Her goal: to “make sure that there is a robust, diversified financial-services industry.”
This is great news. We have finally found a human being with unlimited knowledge, boundless foresight, and infinite wisdom who can create through regulation and rules such an industry. I wish her the best.