The 1st Thread For 9/14/10: "Yes Or No" Stop The Answer For Warren

Still no definitive answer yet on her being in there yet:

I think it’s important to recognize that “the White House” is not a monolith. There are sometimes counteracting forces there, and one aide may not know what the other aide is pushing. Increasingly the internecine fights get aired out in public, though typically anonymously. That’s the best way to read this denial of the plan I mentioned yesterday, to make Elizabeth Warren the interim director of the Consumer Financial Protection Agency.

White House officials denied reports Monday that the Obama administration is considering naming Elizabeth Warren the interim director of the Consumer Financial Protection Agency to avoid a tough nomination fight on the Senate floor.

And Senate Banking Committee Chairman Chris Dodd (D-Conn.), a key negotiator on the reform bill that created the position, told reporters Monday that he “absolutely” believed that any person President Barack Obama names to the position – Warren or not – should go through the full Senate confirmation process.

A little-noticed provision of the Wall Street reform law’s language would allow the Treasury Department to name an interim director of the CFPA until a permanent director is confirmed. The American Banker reported Monday that that White House is considering using the provision to appoint Warren, a liberal favorite who has drawn sharp opposition from Wall Street.

But a White House spokesman strongly denied that Obama would use the provision to circumvent a confirmation vote on Warren. “It’s nothing,” the White House spokesman said. “The president will have more to say about that agency soon.”

And David Dayen had a great point on this, even if Warren gets appointed to the position she deserves:

Now, there’s another angle to all this. What work has already been done on the agency at Treasury, what staff has been offered to it, and what will Warren find when she gets there? I think Warren’s far tougher than anyone gives her credit for, and she won’t shrink from turf battles, but there are plenty of ways to make someone’s life running a federal agency miserable from the outset.

It's the perfect scenario for those who want to make Warren's appointment to the CFPB look nice on the outside, but also be able to mitigate her effectiveness on the inside to make Wall Street not too scared and cautious enough until she is no longer in that spot.

The dominos will certainly continue to fall on this one.