I like Warren and hope she ends up as head of this bureau - BUT I have also read speculation that naming her as "special adviser to help set up the Consumer Financial Protection Bureau" is a way to say they gave her a (toothless) office, and then shuffle her out of the way, as she has been a thorn in the side of what she sees as overly friendly behavior to Wall St. from Geithner, Bernanke, and company:
They Must Really Not Want Her David Kurtz | September 15, 2010, 5:51PMABC's Jake Tapper has a curious scoop, reporting that President Obama will name Elizabeth Warren not to run the new consumer financial protection bureau but instead will give her the previously unheralded "special position reporting to both him and to the Treasury Department and tasked with heading the effort to get the new federal agency standing." Get that
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That's my concern as well. She is the most qualified person for this position and is not (yet) best friends with the corporate lobbyists. But that doesn't mean that she will have the power to affect any change. I cringe, but it wouldn't surprise me if the CFPB gets it's hands tied too often to do anything. I would love for this bureau to be effective. The country really needs it.
The problem was that there was a strong chance that had she gone through the usual process, they wouldn't even have let her nomination come out of committee.
I probably should have clarified that my concern was over her effectiveness rather than any political maneuvering behind her appointment as interim director. The previous poster commented on the politics of it
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http://www.talkingpointsmemo.com/archives/2010/09/they_must_really_not_want_her.php
They Must Really Not Want Her
David Kurtz | September 15, 2010, 5:51PMABC's Jake Tapper has a curious scoop, reporting that President Obama will name Elizabeth Warren not to run the new consumer financial protection bureau but instead will give her the previously unheralded "special position reporting to both him and to the Treasury Department and tasked with heading the effort to get the new federal agency standing." Get that ( ... )
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The problem was that there was a strong chance that had she gone through the usual process, they wouldn't even have let her nomination come out of committee.
He had to do it SOME way.
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