Yet another pencilneck who thinks she can run the world....

Megan McArdle:

"As head of the TARP Congressional Oversight Panel, Elizabeth Warren has massively extended her mandate, using the office as a sort of forum for broad-ranging commentary on the financial crisis. Rather than tracking the expenditure of the funds, she's increasingly using the oversight board to push her own ideas about what should be done with the banks.

This is wildly inappropriate. Elizabeth Warren knows a lot about bankruptcy--but just because it has the word 'bank' in it, doesn't make her an expert in banking. Her specialty isn't even in corporate liquidations; she mostly writes about consumer bankruptcy. The highly specialized world of bank resolution is not one where she has, as far as I can tell, very much expertise."