Elizabeth Warren Gets The Job
President Obama today announced that he was appointing Elizabeth Warren as a Special Adviser to the Treasury Secretary to assist with the creation of the Consumer Protection Financial Bureau.
“Getting the agency off the ground is a task that can’t wait,” Obama said. Warren “is the best person to stand this agency up…it only make sense that she should be the architect,” he added.
I’ve blogged on Warren’s appointment several times and this announcement comes as a welcome relief. She will work to set up the agency and make sure it is staffed with officials dedicated to consumer protection, not credit card company protection or bank protection. The appointment avoids a Senate confirmation fight and allows the formation of the agency to start immediately. This is the best thing President Obama could have done to ensure that the financial reform legislation has teeth.Click here for reuse options!
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