Reform By Committee Will Fail, Warren Says

Published June 8, 2010

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Elizabeth Warren, the consumer advocate and “Sheriff of Wall Street,” is worried that financial reform by committee will fail. “Herds” of lobbyists are picking apart the legislation. “And at the end of the day, we can all congratulate ourselves that we got something that has the right title and has no real impact.”

Warren was Tom Ashbrook’s guest at a special live recording Monday of On Point, which airs today at 10 a.m. and again at 7 p.m. Don’t miss the roundup on the On Point blog.

Meanwhile, Rep. Barney Frank told us Monday that the bill he pushed through the House was not tough enough. I took notes on that interview here.