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 ...

Certified world class liar Judd Gregg's biggest problem with Elizabeth Warren's potential new role : "My concern is that she would use the agency for the purpose of promoting social justice," Gregg said on ABC's "Top Line" webcast. The agency, Gregg said, should promote improving access to credit, as well as other financial services. This retiring arrogant clown really exemplifies how those supposedly "moderate" people in the Sad Obnoxious Party (and in all of Washington actually) really aren't moderate at all. They only have a thought for "Me, Myself, and I", and Gregg exemplifies that very mindset to the highest (or lowest, depending on how you see it) level. In fact, to further dive into how Gregg's comment on Warren really does reverberate, let's fully remember the clout Gregg has before he thankfully leaves from office in a few months' time. Gregg is the ranking member of The House of Lords' (The Sen...

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...

The talk over the Obama White House nominating Elizabeth Warren to head the Consumer Financial Protection Bureau has escalated over yesterday's report of her being at 1600 Pennsylvania Avenue. But the nomination is the easy part of this entire process that has been made somewhat difficult by this political trepidation to just nominate her now. The legitimately hard part though is confirming her for the position. There will be premature celebrations of happiness when Warren is placed from the White House hands into the arms of the House of Lords, praising Obama for making the move to show that he truly means it when he says that he will possibly stand up to Wall Street to the fullest of lengths. It is a wonderful move to basically take all the blame off itself (or have an excuse that it's official and unofficial PR spokespeople) and place the potential failure of Warren at the top of the CFPB on the hands of that chamber where almost every good thing comes out of it a wra...

This is one article from Huffington Post financial writer Shahien Nasiripour that does have quotes in it, and does have stuff on the record that dictate how massive this situation is . Americans for Financial Reform, a coalition of more than 250 groups organized to fight for strong financial reform, endorsed Warren on Monday to head the new agency. Rep. Carolyn Maloney, a New York Democrat, and Senator Tom Harkin, a Democrat from Iowa, are both asking colleagues to sign letters urging Obama to nominate Warren for the post. Sen. Bernie Sanders, an independent from Vermont aligned with Senate Democrats, wrote Obama on Monday asking him to nominate Warren. "No one in our nation could do a better job," Sanders wrote. And here is that letter: Dear Mr. President: At a time when doubts about Wall Street and its practices are very deep, at a time when many Americans believe that we have not acted as aggressively and rapidly as we might have acted in limiting Wall Street rec...

Here is a way to have an already dubious centrist bill get more lukewarm, tepid support. You give negative signs about hiring one of the leading titans for people in America against Wall Street overloads, especially if you are a much maligned figure creating those negative sentiments . Treasury Secretary Timothy Geithner has expressed opposition to the possible nomination of Elizabeth Warren to head the Consumer Financial Protection Bureau, according to a source with knowledge of Geithner's views. Probably no one else could rip the incompetent and fortuitous Geithner as well as world class MIT economist Simon Johnson did last night. Oh it is worth the read and thensome . If the Democratic leadership really wants to win in the November elections, they should think very hard about the further consequences of Mr. Geithner. Politics aside though, the Harvard law professo is a lady who just deserves anything great that comes her way. Elizabeth Warren cares about people, simple...