Who is the TARP Lady?

Q: Who is the TARP lady they keep referring to in the news?

A: TARP refers to the Troubled Asset Relief Program, which has been the largest part of the U.S. government's $700 billion financial bailout plan of 2008.

The woman in charge of overseeing TARP is Elizabeth Warren, a professor at Harvard Law School. She was appointed by Senate Democrats to head the Congressional Oversight Panel in charge of monitoring the U.S. banking bailout.

The TARP lady's academic specialty at Harvard is bankruptcy law. In 2003, she published the book The Two-Income Trap: Why Middle-Class Parents Are Going Broke, co-authored with her daughter.