Washington’s loss is Harvard’s gain as Elizabeth Warren resumes her teaching position

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It’s Washington’s loss that Elizabeth Warren is resuming her teaching position at Harvard. Her high ethical standards, personal integrity, courageous leadership, and in-depth grasp of economic issues, well demonstrated in her creation of the Consumer Protection Financial Bureau, evidently made her a target of the GOP and Wall Street. 

Warren’s unpopular status with the alliance that brought about the great recession naturally compelled the Obama Administration to throw her under the bus instead of nominating her as director of the agency she founded. 

However, Warren’s admirers in the political arena are urging her to run for the Mass. senate seat in opposition to Republican Scott Brown in 2012.

Joseph Williams at Politico reports:

Elizabeth Warren, the Harvard law professor credited with creating the Consumer Financial Protection Bureau — and who drew constant flak from congressional Republicans and Wall Street for doing it — is heading back to Cambridge.

Warren, who served both as a White House adviser and adviser to Treasury Secretary Timothy Geithner on the CPFB, will return to her teaching job at Harvard, the Treasury Department said Tuesday.It said that Raj Date will replace her as an adviser to Geithner, effective August 1.

The move comes a year after President Barack Obama tapped Warren to oversee the creation of a government agency established by Congress to guard consumers against financial products like subprime loans and high-interest credit cards.

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