It's A Start....Warren

[Me.]

“The White House has tapped Elizabeth Warren as a special adviser to help set up the Consumer Financial Protection Bureau, ABC News is reporting. The move allows her to act as an interim head of the CFPB and will enable her to begin setting up the agency immediately and prevent the GOP from filibustering her nomination. Warren could serve until Obama nominates a permanent director -- a nomination he's not required to make for some time. Obama could also nominate her as the permanent director in the near future, a prospect that has been discussed among top aides, according to a person familiar with the White House deliberations. Warren will also be named as a special adviser directly to Obama, ABC reported.

A senior Democratic congressional aide with knowledge of the decision confirmed the ABC report to HuffPost.

The CFPB was a cornerstone of President Obama's Wall Street reform package and Warren is credited as the intellectual founder of the agency. The ability of the administration to nominate an acting director indefinitely was first reported by HuffPost in July.

On Tuesday, Sen. Chris Dodd (D-Conn.), chairman of the Banking Committee, said that such an interim appointment could create a backlash and lead the next Congress to defund the bureau. On Friday, Simon Johnson laid out the case for an interim appointment.”…cont…

http://www.huffingtonpost.com/2010/09/13/white-house-to-tap-warren_n_715291.html

[howaboutme]

1. I hope you are correct

but Brian Williams intimated tonight that she got a job at Treasury INSTEAD OF the head of the consumer commission because Wall Street opposes her. Geither opposes her. The problem comes down to Wall St. wants someone in their tribe and what Wall St wants Obama gives.

Dodd should go back to CT. Is the next Congress going to defund the bureau? It might because the media is questionably on Wall Street's side instead of our side. Simon Johnson has consistently been on our side.

It is a class war and the sooner we admit it the better off we'll all be.

[Me.]

2. I Heard That Report

And was instantly furious. So I got online and the headline at HuffPo was "The Middle Class Finally Gets A Seat At The Table", or words to that extent. Dodd is a problem as he's dead set against her so Obama may be waiting until he's finally out and getting a cushy job at one of the banks he's been trying to protect. Geithner may be gone too as his little strategy doesn't seem to be getting much traction. She's setting up the agency, that's a good start.

[ibegurpard]

3. So this is the talking point huh?

[Me.]

6. If It Is Rachel Seems To Be On Board

She seems to think this is a good approach and strategy

[mikelgb]

4. it s a capitulation

[lumberjack_jeff]

5. If Chris Dodd is agin' it, I'm fer it. n/t