Look: the Elizabeth Warren-is-Overstepping Her Bounds is a tired, discredited meme and its already been thoroughly demolished.

As John Carney wrote at Clusterstock recently:

"Her sharply worded missives on the faults of the bailout plans have surprisingly rubbed some pundits the wrong way, resulting in a fierce backlash. Most of this backlash, however, is more confused than it is convincing.

At the heart of the matter is the contention that Warren has somehow stepped beyond the parameters of her role as a TARP watchdog to become a shadow Treasury Secretary. This accusation, however, is built on an uninformed and unduly constrained view of her role as chair of the Congressiional Oversight Panel. The panel was not charged with simply watching the TARP funds go and monitoring their effectiveness. It was charged, in a law duly passed by both houses of Congress and signed by the president, with reporting to Congress on 'the current state of the financial markets and the regulatory system.'"

That's exactly right and, indeed, Warren repeatedly told Davidson that a huge part of her oversight role is to "make sure we have a functioning banking system. I think I've said that like nine times now. Of course we've got to have a functioning banking system."

So, how exactly is she overstepping her bounds or advocating for her "pet issues"? Davidson doesn't say.

And that's not the worst of it. Throughout the interview, Davidson's tone is snide, bullying and sarcastic. At one point, Davidson tells Warren: "I want to make you madder."

Being angry, as we all know from years of lectures from "serious" mainstream media figures like David Broder, is a cardinal sin.

But the amazing thing to behold about this interview is that Warren isn't really angry; she's just passionate that taxpayers interests are represented in the bailout process.

Unlike Warren, I am angry. I'm angry that Davidson can dismiss Warren's ideas as "not accepted broad wisdom" and leave it at that. It is breathtaking that after 9-11, Iraq, torture, Katrina and now the financial crisis that "accepted broad wisdom" on any issue can be touted as reliable.

One would have to have just arrived on Earth from Mars to hold conventional wisdom in such high regard. But that's what passes for thinking even at prestigious media like NPR.