The Whole Delivery

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 ...

Not a trial balloon, but looking like the final pronouncement : President Obama will announce this week that Elizabeth Warren, the Harvard Law School professor who first proposed the Consumer Financial Protection Bureau, will be named to a special position reporting to both him and to the Treasury Department and tasked with heading the effort to get the new federal agency standing, a knowledgeable Democrat told ABC News. What should have been an easy solution is now made into a complicated mess where no one is fully happy, and most importantly, the CFPB is still absent someone actually running the darn place.

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 g...