The attacks on Elizabeth Warren and the Consumer Financial Protection Bureau (CFPB) just keep coming, fast and furious, facts be damned.
The CFPB will be "powerful, hard-nosed and unaccountable," warns Fred Barnes, executive editor of The Weekly Standard. The agency "will decide its own budget," its "rulings can't be vetoed," and it "will be almost impossible to challenge" in court.
"Who in the world would consider it appropriate to have one person appointed to set the rules for the entire financial industry?" wonders Senator Bob Corker.
The Wall Street Journal describes Warren's "ideological agenda that banks are the villains of the credit crisis while distributing cash to homeowners who will presumably be grateful on Election Day 2012."