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WillyT Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 08:14 PM
Original message
LOL !!! - This Is Great !!! - 'Nobody Wants to Take CFPB Job Over Elizabeth Warren' - FDL
Nobody Wants to Take CFPB Job Over Elizabeth Warren
By: David Dayen - FDL
Thursday April 14, 2011 1:48 pm

<snip>

The Wall Street Journal dropped a bit of a bombshell yesterday when it intimated that the reason the Obama Administration hasnt been able to choose a director of the Consumer Financial Protection Bureau is that their preferred candidates dont want the job over Elizabeth Warren:

White House officials seeking someone to run the Consumer Financial Protection Bureau have so far failed to find a nominee, with several candidates rebuffing the administrations overtures, according to people familiar with the process.

One concern of some: That accepting would undercut Elizabeth Warren, the Harvard law professor and consumer advocate who is currently a special adviser to the president charged with setting up the bureau. She remains a hugely popular figure among many Democrats and anathema to many Republicans <...>


That deadline could result in the White House nominating Ms. Warren, now a special adviser to the president charged with setting up the bureau. She is believed to want the job but her candidacy likely would trigger a Senate confirmation battle. President Barack Obama could avoid that fight by appointing her during a congressional recess before July 21.

The White House has unsuccessfully reached out to possible nominees, including Democratic former Michigan Gov. Jennifer Granholm, Democratic former Delaware Sen. Ted Kaufman and attorneys general from Iowa, Illinois and Massachusetts, these people said. Among those under consideration for the post include Democratic former Ohio Gov. Ted Strickland and Federal Reserve Board member Sarah Bloom Raskin.


The White House is coming up against the rare instance of an individual with their own competing power base in the Democratic Party. Democrats like Granholm and Kaufman dont want to cross her because they genuinely believe shes the best person for the job. Granholm said so publicly. So has Ted Strickland: My personal feeling is that Elizabeth Warren should have that position. The other concern for politicians who may want another job in the future is that the Democratic base, who admires Warren, will be unrelenting on what amounts to a scab taking her job. Furthermore, Raskin, who just got to the Fed, almost certainly wont get the job, and create another vacancy on the Board of Governors.

Whats more, the White House is stuck. They cant find anyone to take the job ahead of Warren, and the deadline for a director is rapidly approaching...

<snip>

More: http://news.firedoglake.com/2011/04/14/nobody-will-take... /

:kick:
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northoftheborder Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 08:18 PM
Response to Original message
1. obama should nominate her during recess. maybe we'll increase the Senate, and she can be >>>
confirmed later.
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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 08:18 PM
Response to Original message
2. I didn't think my estimation of the President Could go Any Lower
I was wrong, and I'm big enough to admit it.

And I'd have turned down that Nobel Peace Prize, too, if I had no intention of ending wars and wanted to start more of them.


That's what used to be called integrity.
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Canuckistanian Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 08:19 PM
Response to Original message
3. They probably didn't want to wear that giant bullseye that comes with the job
Because whoever gets that job is going to become an instant pariah in Wall St.
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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 08:20 PM
Response to Reply #3
5. There are worse fates
One could become the next Geithner, or Summers, or Dimon.
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Canuckistanian Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 08:25 PM
Response to Reply #5
9. Oh no, it's far worse
Geithner and Summers will probably be welcomed back into the Wall St. fold with open arms.

Elizabeth Warren is the head of an organization that protects consumers from financial fraud.

It's their worst nightmare. What would Col. Saunders think about an organization that protects chickens?
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robinlynne Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 09:49 PM
Response to Reply #5
18. well said.
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Jackpine Radical Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 08:22 PM
Response to Reply #3
6. Which is another strong qualification for Warren.
She already IS a Wall Street pariah.
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Canuckistanian Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 08:27 PM
Response to Reply #6
10. Right.
This is NOT a job for a former Goldman Sachs executive. Nor should it be.
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earcandle Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 08:20 PM
Response to Original message
4. Hire her already so this nation can get its financial act together.
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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 08:22 PM
Response to Reply #4
7. Elizabeth Warren Could Be the Means to Putting a Lot of Crooks in Jail
and there's no telling how high the crimes would go, either.
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WillyT Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 08:24 PM
Response to Reply #7
8. Exactly !!!
:hi:

:kick:
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Dawson Leery Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 08:27 PM
Response to Reply #7
11. +1
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AtomicKitten Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 08:38 PM
Response to Original message
12. More shit-stirring from FDL.
The appointment is EXACTLY what Elizabeth Warren wanted so she could get in and start setting up the agency immediately and bypass a protracted GOP nomination gauntlet.

If Dems can take back Congress in 2012, she'll sail through the nomination process.

Pres O agrees there is nobody better suited or more deserving of heading of this agency - screw FDL for insinuating otherwise.

link: http://www.washingtonpost.com/wp-dyn/content/article/20...

President Obama this week plans to name Harvard law Professor Elizabeth Warren as a special adviser so that she can oversee a new consumer financial protection bureau while avoiding a potentially vicious Senate confirmation fight, according to people with direct knowledge of the decision. The appointment would place Warren - adored by liberals and consumer advocates, viewed with suspicion by many bankers and congressional Republicans - in charge of the new regulator that she proposed three years ago to protect Americans against lending abuses

By appointing Warren to a post within the administration - much as the White House did with "car czar" Steven Rattner and "compensation czar" Kenneth Feinberg - Obama would free her to act as the bureau's director beginning immediately while avoiding a confirmation battle.

Scores of Obama nominations far less polarizing than Warren's have languished in the divided Senate for months.

Warren herself has told allies on Capitol Hill that she would prefer to avoid a prolonged confirmation process.

-- snip

In addition, Senate nominees traditionally have maintained a low public profile while awaiting confirmation. White House advisers decided that it would be unwise to sideline Warren, given her capacity as an outspoken consumer advocate and the immediate demands of starting a federal agency from scratch.
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WillyT Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 08:48 PM
Response to Reply #12
14. Well Hell Then... Why Are They Wasting Their Time Approaching Other Potential Nominees ???
And why are some of those nominees MAKING SURE the White House knows they want no part of it?

Maybe they're making sure to leave the WH with no other choice???

:shrug:
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AtomicKitten Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 08:53 PM
Response to Reply #14
15. BS prediction falls flat and LW anarchists scream they prevented it from happening.
That which was never going to happen in the first place.

Yeah I've read FDL horseshit like this before.

Still waiting for Pres O to gut Social Security last January, wait yesterday, wait -- it never fucking happened and the douche fortune-tellers claim ha!ha! we stopped it from happening!

FDL has ZERO credibility.
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WillyT Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 08:58 PM
Response to Reply #15
16. Well I Guess The Same Could Be Said For...
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LooseWilly Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-15-11 01:30 AM
Response to Reply #12
22. I think your "shit-stirring" evidence has an expired time stamp- Sept. 16, 2010...
From your own link (the top part you edited out of your posting)

Obama will put Warren in special advisory role for consumer agency, sidestepping confirmation

By Brady Dennis
Thursday, September 16, 2010; 1:00 AM

President Obama this week plans to name Harvard law Professor Elizabeth Warren as a special adviser so that she can oversee a new consumer financial protection bureau while avoiding a potentially vicious Senate confirmation fight, according to people with direct knowledge of the decision. ...


So... if Obama side-stepped confirmation seven months ago... why are others being contacted??

Here's a thought, maybe you're relying on, and purveying unto others to likewise rely upon, out-of-date information?

(Ohh yeah, and don't forget that in Sept. of 2010 the Democrats did have both houses of Congress... they just didn't have them "enough"... which makes your platitude-like assertion "If Dems can take back Congress in 2012, she'll sail through the nomination process." sound pretty ironic.)
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upi402 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 08:43 PM
Response to Original message
13. All I know is that Elizabeth Warren is wonderful
I just hope she will still appear on Stewart and Colbert.
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Zorra Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 09:00 PM
Response to Original message
17. Wow, that is some serious respect. Good news, thanks! nt
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Hawkowl Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 10:13 PM
Response to Original message
19. Warren for President 2016
First put her in charge of CFPB. I wouldn't mind seeing her as VP under Obama either. Biden can retire.
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liberalla Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 10:36 PM
Response to Original message
20. RECESS APPOINTMENT !!!
Hell, yes!
just do it!
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chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Apr-14-11 11:35 PM
Response to Original message
21. Recess appointment? That's what we said about the much needed and respected Dawn Johnsen
She was extremely, anti-corruption, pro-reform, too.

Never happened.
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LooseWilly Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-15-11 01:34 AM
Response to Reply #21
23. Another piece of evidence that leads me to the conclusion that Obama is "Anti-Effective"
I'd say he was effective and stymying anything that the right of middle opposes, but his rhetoric is so soaringly "leftalicious" that his complete lack of effectiveness must just be a matter of incompetence...

Sad when incompetence is the judgement resulting from the granting of the benefit of the doubt... and essentially a complement. :+
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Raine Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-15-11 02:07 AM
Response to Original message
24. GOOD ... Warren should have the job!!! nt
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PufPuf23 Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Apr-15-11 02:17 AM
Response to Original message
25. Warren is one of the best in POTUS Obama adminstration.
Let us hope that the People and Dem leadership will learn and recover from the 2010 election disaster in 2012 and Warren takes her rightful place the the DOJ with WH support gets on the job. What are the Statute of limitations on financial crimes? Financial crimes have been legion as allowed by policy and legal structure for decades.

I want to believe so much in POTUS Obama's most recent address regarding the economy. We need protection and, more progressive, expansion of the social safety net; progressive taxation on income, capital gains, and estates -- just back to GOP even under Reagan (insert barf); and less war spending offset by education and research science; and a de-globalization more ecologic, energy efficient, and where local economies can be re-invented.

Demeter, you are a good poster.
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