Fauxcahontas assailed ALLY who exposed flaws in her financial regulation scheme

Fauxcahontas assailed ALLY who exposed flaws in her financial regulation scheme

[Ed. – Guy was just trying to tell the truth.  Warren wouldn’t have it — and she got the Brookings Institution to play along with attacking his professional integrity.]

Robert Litan, a Democrat who has been affiliated with Brookings for decades, is nobody’s idea of a conservative. And he’s not philosophically opposed to financial regulation. He was among the first to endorse Ms. Warren’s proposal for an independent agency to protect financial customers. … Mr. Litan was an ally of Ms. Warren before her election to the Senate.

She’s not the sentimental type. In July Mr. Litan told the Senate about his research into a Labor Department plan to force investors to move from brokers to fiduciaries. Mr. Litan testified that “the benefits of the rule do not outweigh its costs. In fact, during a future market downturn, we estimate the rule could cost investors as much as $80 billion.” …

So more than two months after the hearing, still unable to rebut Mr. Litan’s economics, she has attempted an assassination of his character. In a letter to Brookings President Strobe Talbott, Ms. Warren accused Mr. Litan of, among other things, “vague” disclosure regarding the funding of his research. …

Brookings is telling reporters that Mr. Litan violated a rule of the think tank. As a non-resident fellow, he was not supposed to be identified as a Brookings scholar when he testified on the Hill. But we’re told that the rule is a recent creation and that when Mr. Litan realized his mistake after the July hearing, he apologized—and that Brookings didn’t have a problem with it until this week’s letter from Senator Warren.

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