NYMag‘s Daily Intel has the text of Professor Warren’s “classy” exit note to her colleagues at the newborn Consumer Financial Protection Bureau (” … I leave this agency, but not this fight. The issues we deal with — a middle class that has been squeezed and business models built on tricks and traps — are deeply personal to me, and they always will be. I will cheer as you open a new chapter in our ongoing push for a strong and independent CFPB. You can realize the vision of a 21st century government that holds law-breakers accountable and that enforces basic rules that make markets work honestly… “).
A one-page interview, “38 Minutes with.. Elizabeth Warren” is in NYMag‘s August 1 print edition:
… One problem is that the CFPB is not likely to get a director anytime soon. Senate Minority Leader Mitch McConnell has announced that he’ll filibuster any nominee until the agency is given a board designed to veto anything the CFPB might want to do. When I ask for her reaction to McConnell’s demand that it be made “more accountable and transparent to the American people,” Warren whips her head around, incredulous.
“Oh, excuse me? Accountable?” she scoffs. “He wants this agency to be more accountable to the banks. He wants us to have a funding stream that will give the banks lobbying power over this agency. And the second thing he wants with this five-person board, he wants bankers running this place.”
This is the kind of biting, no-apologies criticism that has so endeared Warren to her supporters, who have in turn fanned speculation that she may soon run for Senate, against Republican Scott Brown of Massachusetts. But she is circumspect when asked directly about a potential run, as all Washington stars learn to be, telling me only, “I need to get back to Massachusetts”—a line she’s been using a lot the past few days. When pressed again, she repeats, “I need to go home.”
Instead, Warren points to a shallow vase full of stones given to her this morning at Nancy Pelosi’s regular breakfast for new congressional Democrats, who would love to see her live to fight another day. “On Monday, when someone asked what I was going to do,” Warren explains, “I said, ‘Look, I’ve always done three things: I’ve taught school. I’ve worked on middle-class economic issues. And I’ve thrown rocks.’ ”
And now? She smiles, nudging her new ammunition. “I plan to go back, teach school, work on middle-class economic issues, and throw rocks.”
Keep throwing those rocks, Ms. Warren!