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David Weinkrantz's avatar

"Financial regulation: As a Harvard law professor, Elizabeth Warren testified before Congress in favor of the Dodd-Frank legislation regulating banks and its creation of the Consumer Financial Protection Bureau, which imposed another layer of Washington rules on American businesses."

If Congress thought the existing State and Federal bank regulators were not doing their jobs, why didn't it eliminate the federal ones, push out the State ones, and replace them with the CFPB?

Why bear the weight of both?

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Michael Segal's avatar

The 3 April letter from the Trump administration to Harvard was very reasonable:

https://s3.documentcloud.org/documents/25879226/april-3-harvard-preconditions-letter.pdf

But Larry Tribe and Katrina Armstrong poisoned the atmosphere by feeding concerns that universities can’t be trusted to do the 3 April approach. This led to a lack of trust that caused the feds to pivot to a Consent Decree approach: https://www.wsj.com/us-news/education/columbia-consent-decree-trump-federal-funding-2f4c4690

This resulted in the 11 April letter to Harvard:

https://www.harvard.edu/research-funding/wp-content/uploads/sites/16/2025/04/Letter-Sent-to-Harvard-2025-04-11.pdf

The 11 April letter has all sorts of invasive provisions and is not something that Harvard is likely to accept.

We need to get back to the 3 April approach, which is something with which both Harvard and the Trump administration can live. But at this point neither Harvard nor the Trump administration will propose that. It needs to be proposed from outside, coupled with a denunciation of the zero trust approach of the 11 April letter. But Harvard (and Columbia) need to show they can be trusted.

Addendum: the WSJ now has an excellent editorial along these lines at: https://www.wsj.com/opinion/donald-trump-harvard-funding-conditions-constitution-congress-c26040f8?st=Qb7ZKh&reflink=desktopwebshare_permalink

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