Congressman Accuses Consumer Agency Head Of Lying At Hearing

Posted by Brian

Decorum Breaks Down at House Hearing
By EDWARD WYATT     NY Times
Published: May 24, 2011 

Jonathan Ernst/Reuters

Elizabeth Warren at the House committee hearing into the structure of the new Consumer Financial Protection Bureau.

 WASHINGTON — A House committee hearing into the structure of the new Consumer Financial Protection Bureau disintegrated into heated accusations of lying to Congress on Tuesday, with the panel’s chairman accusing Elizabeth Warren of giving misleading testimony at a March hearing and of lying about her agreement to testify this week.

Representative Patrick T. McHenry, a North Carolina Republican who is chairman of a subcommittee of the House Oversight Committee, told Ms. Warren, who is directing the start-up of the consumer agency, that he believed she misled Congress with testimony in March about her role in settlement talks between federal and state authorities and mortgage servicing companies.
READ MORE HERE--->  http://www.nytimes.com/2011/05/25/business/25consume.html?_r=1&hp

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