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Sunday, March 27, 2011

Reuters Journalists Openly Rooting For Elizabeth Warren

What's wrong with this excerpt from a Reuters article explaining that both Elizabeth Warren and Jamie Dimon are speaking to the U.S. Chamber of Commerce this week?

Warren, 61, is an earnest Harvard Law School professor brought up in Oklahoma, while Dimon, 55, is a consummate New York City insider and one of Wall Street's richest CEOs.

He was once a close adviser to President Barack Obama on financial regulation policy, but has become a vocal critic of the administration's efforts, especially since passage in 2010 of the Dodd-Frank Wall Street reforms.

She is helping the administration set up the Consumer Financial Protection Bureau (CFPB), a watchdog called for by Dodd-Frank to shield consumers from abusive practices in the mortgage and credit card businesses.

So Warren, the Marxist Obama-ite is the "earnest" Midwesterner protecting the common folk while Dimon is the rich, evil CEO. Unfortunately, anyone with an ounce of knowledge knows how destructive Elizabeth Warren will be to the U.S. economy if she ever gets to run Obama's Financial Destruction board.