Congratulations, Megan McArdle!

Although we at the Snark are not at all confident that Elizabeth Warren will actually be given the power she needs to be an effective consumer advocate, we are happy to see that she will be able to have some influence. Most of all we wish to congratulate Megan McArdle for doing her part for Elizabeth Warren. You see, it seems that bloggers were instrumental in applying the pressure necessary to get an appointment for Warren.

Susie Madrak at Crooks and Liars says:

I just got off a blogger call with Elizabeth Warren (if you have any doubt that her appointment is seen as by the White House as a concession to the left, note that bloggers are the first people who get to interview her after her appointment was announced) and I got the chance to ask her whether credit reports came under oversight of her Consumer Financial Protection Bureau -- especially when they're used to deny people jobs or to set rates for insurance.

She said yes, it did come under this act -- "credit reporting is an important part of credit", and she said she shared my concerns. She apologized for not being more specific, but said she would be looking into it.

In response to other questions, she said she was looking forward to working on the inside, and would also be a part of the president's economic team with input on larger economic issues.

I think that's the single biggest gain with this appointment: That working people will have a strong, informed ally in the White House. Someone who really does understand our economic pain, and isn't going to be deterred from talking about it.

While I don't doubt she'll have her enemies working against her, she sounds confident and ready to fight on behalf of us all. (And, as she pointed out, a year ago Barney Frank told her the idea for this agency was a "pipe dream" that would never happen.)

"This is about rebuilding America's families, because that's what will give us a stronger economy," she said.[my bold]

We are so very grateful to Megan McArdle, for it seems that by doing her best to destroy Warren in public, she help fan the flames of a bloggy bonfire of support for Warren. Without McArdle's match, the flames might never have caught.

So congratulations again, Megan McArdle! And we wait in eager anticipation for her second attack on Warren, which was announced 57 days ago and (as we have said before) will no doubt will be the absolute most definitive statement on the matter of Elizabeth Warren in the entire history of mankind!