Elizabeth Warren went to the White house yesterday to discuss her possible nomination to head the CFBP. The bureau is Warren’s brain child. It wouldn’t exist were it not for her. She was the one who raised a stink when the original proposed finance legislation lacked consumer protection. She has earned the job. For Obama to appoint anyone else to the position would be both bad for America and a political disaster.
Somewhere along the line, Elizabeth Warren became a symbol.
She’s either the plain-spoken, supremely smart crusader for middle-class families that her supporters adore, or she’s the power-hungry headline seeker her critics loathe, a fiery zealot disguised in professorial glasses and pastel cardigans.
But no one disputes that she’s the most prominent and polarizing candidate to lead the new Bureau of Consumer Financial Protection. The idea for an independent federal agency to protect ordinary borrowers from abuses by lenders was largely Warren’s idea, and Congress made it a reality as part of the legislation adopted last month to overhaul financial regulations. The bureau’s director will be the most powerful new banking regulator in decades and the first with the exclusive mission of focusing on consumers.
As President Obama considers whom to nominate for that role, the debate has become less about who might get the job and more about whether Warren will or won’t.
Warren met Thursday at the White House with senior Obama advisers, but a presidential spokeswoman said no decision had been made. If Obama doesn’t choose her, he risks infuriating his already-agitated liberal supporters who see Warren as the only logical candidate.
If he gives her the nod, Obama risks deepening the financial community’s distrust of his administration and sparking a confirmation fight. He would be elevating a woman who, despite her mild manner, has repeatedly proven herself a thorn in the administration’s [Geithner’s] side during her tenure as watchdog over the government’s $700 billion bank bailout program… [emphasis added]
Pasted from <Washington Post>
Keith Olbermann and Jonathan Alter explain why Warren is actually the most confirmable candidate.
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Obama does not need to worry about offending Wall Street Banksters. They hate him already. Like alter said she’s a slam dunk. If you have not contacted the White House to request Warren’s appointment, my action alert is here. Like Alter said, she’s a slam-dunk. Like I have said, this is a fight we cannot afford not to have. If Republicans want to oppose consumer protection in an election year, let them.
If Obama appoints anyone else, I shall personally organize an action campaign to filibuster the nominee.
4 Responses to “Elizabeth Warren Gets Consideration”
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As I mentioned here before, I really trust this person. She must have this position. That other crowd should be gone. (the hole in the Wall street gang).
Tim, I fully agree.
This most-deserving woman would be a very welcome breath of fresh air in Washington for average Americans. After her successful stint at CFBP, I would LOVE to see her in the White House as the first woman President!
With Grayson as VP