In a first for my series of veridiction, the act of verifying predictions, I come back for a second go-around after the initial verdict was given.
On the February 2, 2010, episode of the American Public Media program, Marketplace, Mr. Skeel predicted that the CFPB would become reality and my post of September of that same year credited him with a correct prediction.
This post is to follow up on his second prediction, which was that if Elizabeth Warren was confirmed to head this agency, it would show that Congress placed the interest of consumers ahead of the banks. However, if Mrs. Warren was still at Harvard, it would show that the banks had won.
The time has now come to say that, using Skeel’s criteria, the banks have won as the news is out that Richard Corday, President Obama’s nominee to head the CFPB, will go in front of the Senate Banking Committee to discuss how we will run the agency, if confirmed.
I wonder how Mr. Skeel feels.