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Geithner defends consumer advocate Warren

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Elizabeth Warren, Assistant to the President and Special Advisor to the Secretary of the Treasury, gestures as she testifies at a hearing about oversight of the Consumer Financial Protection Bureau of the U.S. House Oversight and Government Reform Committee on Capitol Hill in Washington, May 24, 2011. REUTERS/Jonathan Ernst

Elizabeth Warren, Assistant to the President and Special Advisor to the Secretary of the Treasury, gestures as she testifies at a hearing about oversight of the Consumer Financial Protection Bureau of the U.S. House Oversight and Government Reform Committee on Capitol Hill in Washington, May 24, 2011.

Credit: Reuters/Jonathan Ernst

WASHINGTON | Wed May 25, 2011 10:06am EDT

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Wednesday that republican critics of consumer adviser Elizabeth Warren treated her unfairly at a contentious hearing on Tuesday.

"I thought what happened yesterday was deeply unfair to her personally," Geithner said in a live interview with Politico. "I think she's done an exceptionally good job of not just starting up this agency (but also) hiring very competent people."

A House of Representatives oversight hearing on Tuesday grew heated when the panel's Republican chairman accused her of lying about the terms of her appearance.

(Reporting by Glenn Somerville; Editing by James Dalgleish)
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Comments (4)
ginchinchili wrote:
The Republicans will go after anyone, and everyone, who wants to help the average American citizen. Though a lot of people who tend to vote Republican may have a hard time admitting it, the Republican Party has become the enemy of the people.

Republicans only care about satisfying special interests, their big money donors. Rest assured that Republicans are being pressured by Wall Street and the banking industry to go after Elizabeth Warren with all their might, because Elizabeth Warren’s job is to protect the average American citizen, and that makes her a thorn in the side of Wall Street and the banking industry.

How did we get to this point? Americans really need to get smart and get active. We need to start looking out for ourselves.

May 25, 2011 1:30pm EDT  --  Report as abuse
Guest255 wrote:
What ridiculous nonsense. Most of the Republicans in Congress support small business. Wall Street is heavily Democratic. That is an absolute fact. It was Clinton’s Treasury Secretary, Rubin, who deregulated Wall Street. Goldman Sachs and the other NY investment banks are 3 to 1 Democratic supporters for a reason. New York and New York City is always blue. The financial regulation bill the Democrats passed is full of holes, was designed by the banks, and is a farce. The average American citizen is not on welfare he or she has a job and works hard and has children. The battle between the parties is a generational financial battle disguised with a lot of social issue nonsense. There’s no difference between the parties on most of the important non-finanical issues (i.e., war on terror) and the religion stuff is smoke and mirrors to attrach a voting block (Christian conservatives vs urban professionals). Bottom line is if you are selfish you should vote Democratic and if you have children and don’t want them to live in a 2nd rate country you should vote Republican. Today’s working Americans need to decide if we should live within our means or leverage the country with debt and send the bill to our kids.

May 25, 2011 2:28pm EDT  --  Report as abuse
kolea wrote:
Republicans are scared as hell of the transparency she’ll bring to the financial industry. This sniping is just the start. I wonder how many average Americans like me are getting pissed at Republican obstructionism. Sorry to see Sheila Bair go. The Gordon Geckos on Wall Street must be celebrating.

May 25, 2011 2:51pm EDT  --  Report as abuse
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