Elizabeth Warren’s attitude toward the free market

March 29, 2011 | By | Reply More

What is Elizabeth Warren’s attitude toward the “free market”? It’s not what it is often portrayed to be, as described by Madonna Gauding of Occasional Planet:

She does not envision new rules and regulations as the main focus of how the CFPB can best protect consumers. Her concern is that they are like “putting down fence posts on the prairie: They can be too easy to run around.” Rather than increased regulation, she wants to make markets for consumer financial products and services work in a fair, transparent, and competitive manner. “That means creating a level playing field where both parties to the transaction understand the terms of the deal, where the price and the risk of products are clear, and where direct comparisons can be made from one product to another.”

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Category: Consumer Protection, Economy

About the Author ()

Erich Vieth is an attorney focusing on consumer law litigation and appellate practice. He is also a working musician and a writer, having founded Dangerous Intersection in 2006. Erich lives in the Shaw Neighborhood of St. Louis, Missouri, where he lives half-time with his two extraordinary daughters.

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