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Her appointment raises a number of questions, including whether someone like Warren can compel staffers at the Treasury Department to hand over sensitive data - the crux of her job. The bonus scandal at AIG, the former insurance giant that is now a ward of the Federal Government, was a strong...

Author: /time Magazine | Title: Elizabeth Warren: Riding Herd on the Bailout | 6/22/2009 | See Source »

Follow the Money If the question hinges on whether Warren can say exactly how TARP money has been spent so far, then the answer is probably no - but then that may be an unrealistic goal. The eight monthly reports released by the oversight panel to date spend almost more time...

Author: /time Magazine | Title: Elizabeth Warren: Riding Herd on the Bailout | 6/22/2009 | See Source »

Warren's concern for the middle class is the prism through which she sees every economic indicator. It is also the driving force behind her work with the oversight panel. The first two reports it issued, in December and January, criticized Paulson's department for its lack of transparency and...

Author: /time Magazine | Title: Elizabeth Warren: Riding Herd on the Bailout | 6/22/2009 | See Source »

Well, maybe not the whole edifice. For all its flaws, Fisher's economic approach delivered genuinely important insights. He proposed in 1911 that the government issue inflation-linked bonds; in 1997, the Treasury Department finally got around to doing so. If anybody in power in Washington had been willing to...

Author: /time Magazine | Title: The Myth Of the Rational Market | 6/22/2009 | See Source »

The Justice Department has chosen to try him to prove to a nervous nation that the people behind the deadly attacks on Americans overseas can be safely judged and even incarcerated in the U.S. Many Democrats reflexively oppose jailing alleged terrorists on American soil, though Washington has done so before...

Author: /time Magazine | Title: The Moment | 6/22/2009 | See Source »

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