Whose afraid of Elizabeth Warren? Oh, the usual suspects: Wall Street Banksters and the politicians who they own (and I include Secretary of the Treasury Timothy Geithner in that company, just so no one thinks this is solely an attack on Republicans). Take a peak at Dana Milbank’s column to see why the current campaign to “terminate Ms. Warren with extreme prejudice” has suddenly become a hot topic in the media — again:

The Wall Street Journal editorial page called her “President Warren” and a “czar” in command of an “empire.” Richard Shelby of Alabama, the top Republican on the Senate banking committee, thinks she’s orchestrating a “regulatory shakedown” of mortgage companies. And Spencer Bachus, chairman of the House Financial Services Committee, told Warren on Wednesday that she is “probably directing the most powerful agency that’s ever been created in Washington.” […]

… Warren declared herself to be a mere sheriff’s deputy.

“If there had been a cop on the beat with the authority to hold mortgage services accountable a half-dozen years ago,” she announced, “the problems in mortgage servicing would have been exposed . . . long before they became a national scandal.”

Warren added: “We need a cop on the beat that American families can count on. It is critical that we get this right – a real cop on the beat.”

“You kept saying ‘cop on the beat, cop on the beat,’ ” complained Rep. Shelley Moore Capito (R-W.Va.), who chaired the day’s hearing.

Warren could not dispute this. In reply, she said that banks must know “there will be a cop on the beat” and that her agency will need “enough money to put enough cops on the beat.” Before completing her testimony, Officer Warren made four more references to cops-on-beats – possibly putting her in violation of public-nuisance statutes.

But it was a useful metaphor: If she’s the cop, then banks are the robbers, and members of the Republican majority on the committee sounded like lawyers for the accused.

Yeah, who would want a “cop on the beat” making sure Wall Street doesn’t take down the economy — again? Well, as I said before, and repeat again (see, I’m learning from Deputy Sheriff Warren) the usual suspects: Wall Street Banksters and the politicians who they own (and I include Secretary of the Treasury Timothy Geithner in that company).

And you know what? If I ran a “criminal enterprise” like Wall Street, whose greed and mendacity is immeasurable, and whose fraudulent activities enriched both the banks and the people who ran them at the expense of millions of Americans, I wouldn’t want a “cop on the beat” either.

If I were them, I’d like billion dollar bailouts from a corrupted US political system anytime I lost other people’s money. If I were them, I’d prefer not to have a light shone on the shady “con jobs” that I and my co-conspirators pulled on American homeowners, American workers, American taxpayers and American institutional investors. If I were them, I wouldn’t want “Deputy Sheriff” Warren talking to state attorney generals about potential prosecutions and how to protect Main Street from the “Greed is Good” crowd. And if I were them, I would attack her with everything I’ve got in my arsenal, including the politicians I have in my pocket (yes, that;s an allusion to The Godfather):

Rep. Blaine Luetkemeyer (R-Mo.) said the agency was “the last thing that our lenders need.” Rep. Robert Dold (R-Ill.) ridiculed the “theoretical consumer protection” the agency would provide. Rep. Sean Duffy (R-Wis.) complained that, in Warren’s agency, “consumer protection could trump safety and soundness.” […]

“You have no statutory authority to engage in these matters that you are engaging in,” Patrick McHenry of North Carolina informed her. {…]

The final questioner, Rep. Scott Garrett (R-N.J.), skipped all but the last few minutes, arriving just in time to suggest that Warren was breaking the law. “What legal authority does a political appointee have in a situation like this?”

Oh, by the way, do you know what Elizabeth Warren’s response to Rep. “Not Pat” Garrett’s that she was the one “breaking the law? Take a wild guess.

Officer Warren again flashed her proverbial badge. “Congressman,” she said, “I think we need cops on the beat to enforce the law.”

No wonder Timothy “I sold my soul to Goldman Sachs and Friends” Geithner and the Republican members of the House Financial Services Committee were doing their damnedest to service their puppet masters pulling their strings behind the scenes (Sorry, another Godfather reference, but I can’t help myself).

Because Elizabeth Warren scares the crap out of the single most powerful organized “special interest” in the world. More powerful than any organized crime syndicate. A group that controls vast, vast sums of money and influence and has the power to topple governments around the world. A confederation of thieves who have plundered our economy and our government at will, and will continue to do so as long as we have no “cop on the beat” looking out for everyone else’s interests.

Let’s hope she gets to do her job before they force her to “swim with the fishes.”