Elizabeth Warren gave an interview to CNN on the state of the TARP and the Treasury Department's job of handling the bailout.
For those of you who don't remember, Ms. Warren was appointed by Senate Majority Leader Harry Reid to chair the five-member Congressional Oversight Panel created to oversee the implementation of the Emergency Economic Stabilization Act.
During the interview Ms. Warren stated categorically that the Treasury Department isn't tracking its bailout spending. Ms. Warren also laid out the intriguing idea of establishing a product safety commission for financial products, just as we have for toasters, car seats, and other consumer products.
Watch the interview here: