If She Is Happy, Then It's A Good Thing

President Obama has officially nominated Elizabeth Warren to her new role, to be his assistant and help Timothy Geither set up CFPB.

It appears my initial reaction towards this was wrong, and that is a thing I'm happy about. Warren seems to be very satisfied with the role she has taken. As Marcy Wheeler indicates, Warren wouldn't be in this position unless she maintained real relevance and ability to shape things without having to worry about her ideas getting slapped down by Geithner and Larry Summers.

In short, Warren is happy with her new role from reports. In fact, this esteemed champion for middle class families even posted on the White House blog this morning.

May her new job fully be able to facilitate the CFPB to protect consumers across the country, and not be hindered by any forces trying to disrupt and destroy her valuable services. Also, may this lead to Chris Dodd quietly going into retirement instead of offering silly press quotes about placing Warren in any role without a confirmation vote from The House of lords (the Senate) just to make the bankers less sacred.

And may this potentially good move by the Obama Administration turn out to an actual great move by them.