After the strong showing of the Republicans in the midterm elections, the president needs to promote strongly the ideas of Elizabeth Warren -- what we need in financial services, above all else, is much more transparency.
Vikram Pandit heads Citigroup, one of the world's largest and most powerful banks. He's a smart individual -- why then does he advance such obviously specious arguments? The answer is straightforward: he can get away with it.
Congressional Republicans are apparently intent on a big showdown with Elizabeth Warren over the new Consumer Financial Protection Bureau (CFPB). This is very good news for the White House, if they use this opportunity wisely.
