The Bombshell

House Financial Services Committee Holds TARP Oversight Hearing

War on Women or Year of the Woman? Across US, a Record Number of Female Candidates

After the last big “Year of the Woman” in American politics – 1992 – galvanized by Anita Thomas publicly accusing Clarence Thomas of sexual harassment, it looked like women were on the road to gender parity in public office.

Twenty years later, we’re still only 17 percent of officeholders,  while women are still at least 50 percent of the population. Hello there, Taxation without Representation?

In this regard, the US is way behind other countries. Many nations, from Spain and France to Rwanda and even Iraq, have tried to fix the rigged system with political parity laws, requiring parties to run female candidates by quota, or even reserving legislative seats for women. But the Q-word freaks Americans out, and mandated parity would never fly in the Land of the Free.

Women only seem to be players in American politics because of the marquee females in politics – HRC, Palin, Condi, Pelosi – whose notoriety proves the rule, and provides, as Rutgers Center for Women in Politics Director Debbie Walsh put it, “a veneer of accomplishment.”

This year, however, a record 18 women are running for the U.S. Senate (12 D, 6 R) and 163 running for the House (116 D, 47 R). So in a few days, we will know whether 2012 goes down in history asboth the year of the War on Women and another  “Year of the Woman” in American politics. Read More

Warren and Geithner Need To Make Nice And Regulate Banks

In the past, there’s been some chafing between Treasury Secretary Tim Geithner and Elizabeth Warren, the new pseudo-head of the Consumer Financial Protection Bureau. Now that the pair of financial regulators are being asked to shed their animosity and work together to create a bank regulator with a $400 million budget. We’ll get a Read More

Warren Watch

Coming Next Summer: Consumer Protecton — The Bureau

Coming in July 2011, or sooner: The Consumer Financial Protection Bureau, starring Elizabeth Warren. The wonks at the U.S. Treasury Department are readying a transfer of consumer-protection authority over to the new agency, The Wall Street Journal reports. The White House today named Warren as the official-unofficial, semi-interim head of the agency.

Warren’s strange, Read More

Warren Watch

Elizabeth Warren Will Be Protection Bureau’s Shadow Leader

As part of an ongoing effort to avert the unpleasantness created by the United States’ system of checks and balances, the Obama administration will make Elizabeth Warren an assistant to the president. From that vantage, the bespectacled consumer advocate will oversee the establishment of the Consumer Financial Protection Bureau, a key part of the Dodd-Frank Read More