Elizabeth Warren and Wall Street and No Money

Saint Elizabeth of Wall Street has always been something of an enigma, at least to me. She was entrusted with the obligation of keeping track of the TARP monies as they wound their way through places they were never intended to go. Remember TARP money was supposed to purchase tainted securities, take them off the market and restore faith in the banks that had bought the "troubled assets". The money flowed to General Motors, General Electric, European banks and even to bank of Libya with never a word from Warren. Named along with Mary Shapiro of the SEC and Sheila Bear of the FDIC as one of the new sheriffs of Wall Street in a Time magazine article Warren never really accounted for any of the TARP money. Remember the original sheriff of Wall Street was Elliot Spitzer but lets not go there. Always a lawyer Warren championed more law and the creation of the Consumer Financial Protection Bureau, a regulator that is designed to be beyond the control of Congress. Now as she contemplates challenging Scott Brown for Senator she faces a dilemma Where will she get campaign money? Scott Brown has blithely morphed from Tea Party favorite to establishment RINO at warp speed and is sitting on $9.6 million of campaign cash much of it coming from Wall Street.

What's a woman to do? Ditch that silly bun on the back of your head. You're running for the United States Senate not the Preppy Hall of Fame. Pardon that bit of intemperance. The question is how will Warren, who has displayed nothing but hostility toward Wall Street, fund her campaign? Even if she could shake a few bucks from Goldman Sachs et al does she not step on her prissy, holier than them image? Barney Frank, Chris Dodd, and Barack Obama extracted huge donations from Wall Street but they never tried to create the Joan of Ark caricature that is Elizabeth Warren. In the end it may not matter that Warren may be broke. Running against an incumbent Senator is always an uphill battle especially when the incumbent is as photogenic and charismatic albeit phony as Brown.