Ted Kaufman To Replace Warren On Bailout Oversight Panel

Sen. Ted Kaufman, the outgoing Delaware senator who battled to break up major banks the past year, will replace Elizabeth Warren as chair of the Congressional Oversight Panel, an aide to Senate Majority Leader Harry Reid (D-Nev.) told HuffPost.

Reid initially appointed Warren to run the panel, launching her as a national champion of the middle class. The committee oversees the federal government's bailout of Wall Street.

Kaufman, a Democrat, was appointed to fill Joe Biden's remaining two years and will serve until a new senator is sworn in in November, after which he'll take over duties on the panel.

In a recent interview with HuffPost, Kaufman reflected on his time in the Senate.

Comments

[vippy]

11:04 PM on 10/02/2010

Our politicians are criminals and they have us over a barrel.  We have two parties but they agree very quick on things that serves them like automatic pay increases, etc. but when it comes to vote on something that would be good for the people, and I have not seen anything in a very, very long time, then they argue putting on this show, giving the appearance of two parties, when one says completely 
no and the other hides behind the party of no, making us think they tried but could not.  What a game!

[Ldyandrea]

12:53 PM on 10/01/2010

Great choice! Glad to see that he'll still be involved. I really am a bit sad he's not staying in the Senate, as he really seemed to know his stuff, and did his homework on the financial reform legislation. But, at least it sounds like he'll still be in a position to do some good work.

[KateinAZ]

12:29 PM on 10/01/2010

What a great choice! This is one man who is really on the side of the public and not the bankers! Wonderful!

[Jennifer Hill]

12:13 PM on 10/01/2010

Glad to see that a real advocate for financial reform will be the Chair. Hey Delaware we did it again!

[wrightthewrong]

11:27 AM on 10/01/2010

Awesome -- could not be more thrilled!

[big tom]

07:27 AM on 10/03/2010

good man. teabaggers must hate an honest man.

[dmk68]

11:22 AM on 10/01/2010

The Chinese have us by the short & curlys (or is it curlies?)......they could stop buying our debt or could dump our debt

[mynamesyow]

12:28 PM on 10/01/2010

Nah, America has tricked them into a parasitic semi "capitalist" system that makes them too entwined with us to get off the junk. If they tried to go cold turnkey half their economy would go into cardiac arrest. They need and like things right where they are.

[sensimilla]

01:34 PM on 10/01/2010

i have to agree, they got suckered into the poisoned punch so to speak.

However, i do believe china and india are the next great economic superpowers, so things will be a changin!

[vippy]

11:05 PM on 10/02/2010

The Chinese now offered to buy the Greek's debt.  They are getting very powerful and don't have to lift a finger and people won't be mad at them for destroying their country.  

[lazercat2008]

10:37 AM on 10/01/2010

Ok, he's squeaky clean.  Can't find anything bad, or good for that matter.

But, what qualifies him for the job?

[Bloggerrogr]

05:46 PM on 10/01/2010

lazercat;
The republicans hate him?

works for me.

FWIW

[big tom]

07:28 AM on 10/03/2010

how about integrity

[Opygollopy]

10:11 AM on 10/01/2010

Great choice. Kaufman is a man of integrity and sense. This is terrific news.

[TechYes]

10:03 AM on 10/01/2010

An excellent choice.

[Palafox]

09:57 AM on 10/01/2010

It's comforting to realize that decent people continue to find potential in such a corrupt system.

[ButterBiscuit]

09:55 AM on 10/01/2010

Yay! Great for America! He's just right for the job!

[GranE]

08:54 AM on 10/01/2010

Kaufman is one of those people who kept his promise and has too much integrity to let him go home. Surely there are more like him.

The SCOTUS made a major error in Citizens United, we are seeing the consequences of their legislating. The Court has no power to enforce or rewrite their decisions.

After this election We The People must demand a law that reverses Citizens United and if it comes to another showdown with the court we have to stand and demand, in the streets if necessary.

I've talked to alot of Republicans fed up with special interests and I believe this could be a platform for all people to embrace. I think a new law is the place to start and we the people must demand it. If elected Congressmen and women no longer want to serve under that mandate, they can leave or we must remove them no matter their party.

I may not live long enough to see it, but I believe in the 21st century we will be independent voters who vote for idea groups that advance America, not parties. We must bring our educational level up before we can accomplish anything. But first we must rid our country of special interests and money in politics. We the People have the power to enforce it.

[TXfemmom]

08:24 AM on 10/01/2010

This is a fantastic choice.  My bet would be that Rahm wasn't involved in this choice. 

Obama is finally getting his game plan back to what he said during the campaign.  It's just sad that he permitted Summers, Geitner and Rahm to influence him far too much during the first two years.  He, and the country, may have a rough two years ahead of us, but with choices such as this, and if he actually listens and LEARNS TO HAVE SOME SPINE, then he may pull this country out of the ashes.

[Factonfact]

09:08 AM on 10/01/2010

Indeed, the solution is MORE DEMOCRATS and fewer Republicans. Much fewer.

[phylsboutique]

08:02 AM on 10/01/2010

GREAT CHOICE! I think VP Biden should get credit for this one!

[ResistanceisFutile]

08:47 AM on 10/01/2010

It is to bad Biden wasn't as critical of the banking industry as Kaufman.

When Biden voted for the revised bankruptcy laws, that hurt the poor and middleclass, he did it for the banks.

[Dunkleberger Karl]

06:29 AM on 10/01/2010

Kaufman ♦Better get a lzy boy and a stationary bicycle! Let them rethugs see him peddling and exersizing and sleeping next to the security station! Piss them Off he will!