Report: WH Naming Warren Interim Director Of Consumer Bureau. UPDATE: False alarm.

[jefferson_dem]

:woohoo:

Obama Picks Warren

Reports coming in that President Obama will name Elizabeth Warren as interim director of the consumer protection bureau created by the new financial regulatory law.

http://www.talkingpointsmemo.com/#

UPDATE: :(

False Alarm
Reports coming in that President Obama will name Elizabeth Warren as interim director of the consumer protection bureau created by the new financial regulatory law.

Late Update: Maybe not so fast. Fox was one of the outlets originally reporting this and has now retracted that report, saying they may have "misheard" White House spokesperson Bill Burton on board Air Force One. Reuters says Burton simply confirmed that Warren is "obviously in the mix."

Later Update: The pool report from Air Force One reads as follows:

on Warren:
no announcements but soon. no confirmation of interim appointment. essentially, nothing new

The Boy Who Cried Wolf Update: White House releases statement knocking down the reports:

Elizabeth Warren has been a stalwart voice for American consumers and families and she was the architect of the idea that became the Consumer Financial Protection Bureau. The President will have more to say about the agency and its mission soon.
Kicking Dead Horse Update: White House pool reporter sends supplement to pool report: "For emphasis: Burton did not say anything new about Warren."

http://www.talkingpointsmemo.com/#

[wordpix]

1. YAY!!!! (But why "interim"?)

:woohoo:

[TheWraith]

5. "Interim" may be a code-word for "recess appointment." nt

[Beetwasher]

8. No, Not A Recess Appointment, It's A Year Long Interim Appointment

To get the agency up and running. He doesn't need Senate approval for this, but eventually they will have to have Senate confirmation for either Warren or a new pick. However, a year is all Warren would need to set the agency on a proper trajectory by establishing the rules, process and systems and staff it with career, non-political appointees who will carry on her imprint.

Apparently a false alarm though.

[impik]

10. I think it's because she'll run in 2012

[Beetwasher]

11. Yeah, After A Year There She Will Take Out Brown

I could live with that. She'll have made her very significant mark on the agency by then.

Though TPM is now saying this is a false alarm.

[donheld]

22. Run for what?

[Bumblebee]

6. because it's still indefinite but needs no senate involvement. smart move.

better than recess appointment by far.

[Beetwasher]

2. Sweeeeeeeeeeeeet!!!!!!!!!!!!! This Is So Very, Very Important!

:woohoo:

Warren's imprint on the agency will be incredibly important. She will be the one who builds it from the ground up and staff's it. She will write the rules and implement the systems and processes etc. She will in a large part decide it's long term trajectory and impact, even if she only stays there for a year.

[denimgirly]

3. FINALLY! A real Progressive Move by the WH -- Woohoo!!

Hope they've learned that appeasing the right accomplishes nothing and we can hope for more love that benefits the left in the future.

[BeyondGeography]

4. And eff you, Pubs

:P

[Peacetrain]

7. I KNEW IT >> I KNEW IT>> I KNEW IT

:bounce: :bounce:

Edit to add... NUTSY FAGEN, just heard it was a false report.... well I still think she gets the nod.. so I am leaving my little bouncers up there

[impik]

9. It's false report

[Spazito]

12. Very smart move by the President and the Democrats...

It totally sidesteps the repubs ability to filibuster her nomination, she can get to work right away and has a year before her she must be nominated and go through the "normal" process.

Recommended.

[jenmito]

13. On MSNBC this morning, Chuck Todd said he heard from several sources that she WILL be appointed

through that way so she doesn't have to go through the confirmation process.

[Pirate Smile]

14. I heard him say that it should be this week.

[jenmito]

15. Yup. I hope he's right.

[Beetwasher]

17. And Here's The Really Brilliant Part: She Stays Until Senate Confirms Her Or A New Pick

If Repubs fillibuster, she stays as long as they fillibuster. :rofl:

[jenmito]

18. EXACTLY! n/t

[Beetwasher]

20. Dare I Say "11th Dimensional Chess"?

Nahh, everyone knows Obama is some politically naive corporate hack. He's just doing this for the corporations. :sarcasm:(Well assuming of course he does do this and I have no doubt he will).

[jenmito]

21. Yes, you dare say it...

and I dare agree with it. :D

[seattleblue]

23. No just a year. That is all the law allows.

[flpoljunkie]

16. I see no good reason for the delay in appointing Warren.

[Clio the Leo]

19. lol stand down little "Whoo Hoo!" man ..... stand down. nt