Doc40 is a huge fan of Elizabeth Warren and now it seems that she will be the new sheriff to clean up Wall Street. We couldn’t be happier.
“President Obama, sidestepping a possibly heated confirmation battle, will appoint Harvard law professor Elizabeth Warren as a special advisor to the Treasury Department to launch the government's powerful new Consumer Financial Protection Bureau, according to two Democratic officials familiar with the decision. Warren could still be nominated as the director, but the Treasury appointment will allow her to shape the formation of the agency in the coming months, a top priority of Obama, without waiting for Senate approval, the officials said late Wednesday. They requested anonymity because they were not authorized to speak publicly.”Click here for more
She's very cool but don't give Obama too much credit. See:
ReplyDeleteElizabeth Warren Tossed a Bone and Appointed Geithner's Lapdog
http://globaleconomicanalysis.blogspot.com/2010/09/elizabeth-warren-tossed-bone-and.html
and
Obama Prepares to Sort of Appoint Elizabeth Warren to Something
http://www.commondreams.org/view/2010/09/16-8