Friday, July 16, 2010

Geithner opposes Warren

By Creature

This is why I'm having trouble blogging. Like the public option, having Elizabeth Warren head the soon-to-be consumer protection agency was/is something tangible, some real change a liberal could hang on to. And now it's being slapped away by a White House too enamored with Wall Street to see clearly.

Well, check that, I'm sure they see clearly, they simply don't see it from the "small people's" perspective.

Once again, this will be a test for Obama himself. He got the bill he and Wall Street wanted. Now will he fight for what his base wants? I'm not holding my breath.

Update: Well, it seems the Treasury Department is paying attention and it looks like good news on the Warren front. Here's their response via a direct email to Michael:

“Elizabeth Warren has been a driving force behind the creation of the consumer financial protection bureau, and we have worked very closely with her over the past year and a half to make that idea a reality.

“Given her strong leadership on consumer protection, Secretary Geithner believes that Elizabeth Warren is exceptionally well qualified to lead the new bureau, and, ultimately, that’s a decision the President will have to make.” -- Andrew Williams, Deputy Assistant Secretary for Public Affairs.

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