May 28, 2009
Time Magazine has named Harvard Law School Professor Elizabeth Warren as one of 100 Most Influential People in 2009. Warren is listed in the Leaders & Revolutionaries category of the annual TIME publication naming the people who most affect our world.
Warren was recognized for her bankruptcy law work and her chairmanship of the Congressional Oversight Panel charged with overseeing the Treasury Department's Troubled Asset Relief Program.
The article states: “In recent months you may have seen Warren, 59, everywhere from The Daily Show to Dr. Phil, discussing in her inimitably unpretentious style her new job as chair of the TARP Congressional Oversight Committee…but long before toxic assets and credit-default swaps became household words, Warren was poking at the dark underbelly of the U.S. financial-services industry: predatory lending practices of banks and credit-card companies, home loans that borrowers had no hope of paying off and the endless efforts of financial-services companies to use their political clout to push the risks of reckless lending off lenders and onto borrowers.”
In March, Warren was on hand as U.S. senators introduced legislation to create a new government agency, the Financial Product Safety Commission, to help regulate financial products and services and to protect consumers from predatory or deceptive financial practices. Warren conceived the idea of the commission several years ago and modeled it after the Consumer Product Safety Commission.