Could this be a reason why Obama is bypassing Warren for the Consumer Bureau job?

[Cal33]

"Elizabeth Warren, a senior adviser to President Barack Obama and Treasury Secretary Timothy Geithner, told a congressional panel that government agencies may not have sufficiently investigated claims that borrowers' homes were illegally seized by banks such as JPMorgan Chase, Bank of America, Wells Fargo, Citigroup and Ally Financial.

"I think there's a real question about whether there's been adequate investigation," said Warren, the temporary custodian of the Bureau of Consumer Financial Protection, a new federal agency charged with protecting borrowers from abusive lenders. Her statement came in response to questions from Rep. Trey Gowdy (R-SC), a former federal prosecutor who asked Warren why her agency needed to oversee such abuses when the US Department of Justice is already probing such matters.

Snip

She's the first senior administration official to publicly question the thoroughness of the investigations led by the Justice Department, the Department of Housing and Urban Development, the Treasury Department, Federal Trade Commission, all 50 state attorneys general and more than 30 state bank regulators.... "

http://www.readersupportednews.org/news-section2/320-80/6621-elizabeth-warren-a-real-probe-needed-on-foreclosure-abuses

[damonm]

1. Not seeing anything like a reason here....

[Cal33]

2. She's the first high Administration official to question the adequacy of the

investigations that have been and are still going on. It could be looked
upon by the Obama Administration as criticism from one of their own top
officials.

I've read that there has been in-fighting going on - although quietly.
The Bush left-over officials don't particularly appreciate her.

[mazzarro]

3. On the contrary

I see an issue of the thoroughness of investigations which she is certain about. I do see the desire on the part of the suspected investigating agencies to rush through and close the matter without holding any and/or many to account for the part(s) played in the debacle.

[boxman15]

4. Nope. Try:

- Warren openly stating she doesn't want to be the head of the agency in the long-term
- Warren mulling a run for the Senate in Massachusetts
- A Republican opposition that truly despises her, and would never confirm her. A recess appointment would be nice, but the GOP would do all they could to demonize her and strip the agency of its power, as it's already doing.

As I've been saying, Warren is the best person for the job. There is no doubt in my mind about that. And it is somewhat disappointing she probably isn't going to run the CPFB. But, acting as if she's the only person in the entire world that can run the agency well is absolutely ridiculous. Why would having one of Warren's top advisors run the agency be such a blow to the agency? He seems like a good choice. So do the other two. All of the three candidates that are being floated around right now are all solidly liberal and will fight for consumers.

But, let's ignore reality. It's more fun that way.

[Cal33]

7. I sure hope the one chosen will fight hard for the consumers. It's about time somebody did.

[Paka]

13. Thank You, boxman15. n/t

[paulk]

14. if Obama asked perhaps she'd change her mind?

Usually when the President of the United States asks, most people say yes. Of course Obama, weak-kneed as he is, wouldn't want to nominate someone that the Republicans "truly despise". And god forbid a recess appointment - wouldn't want to rile the Pukes up, would we?

I hope she runs for the MA Senate seat. Hell, I'd be pleased if she ran for President. It would be nice to have someone in that office willing to fight for the common man.

[vaberella]

17. Obama has asked many people. And they've dropped out b/c of Repub obstruction.

Look to Professor Liu ( I believe is his name) for the 9th circuit court of appeals. Or that progressive lawyer who wanted to try Bush for war crimes. Obama can ask, but with the reputation of Repubican obstruction doesn't make anyone really jumping for joy for a nomination----especially when they know they most likely won't get it because of their past. Let's be real.


Instead you find that he's weak---which is utter nonsense to the facts of the situation that you can look up. Sanders even went on the House complaining about the level of Obstruction. Obama is still to this damned day not working with a full cabinet because Republicans are denying him access to them. And a recess appointment is temporary and Obama is not about band-aids.

[paulk]

21. I guess the Republicans run DC then -

and the Democrats - well, they just run away...

[Phx_Dem]

19. That sounds like the most reasonable explanation.

[brentspeak]

22. Where did Warren :"openly state" that doesn't want to be the head of the agency in the long-term?

Got a quote for that "open statement"?

[Ikonoklast]

5. Meh. Warren herself wanted no long-term Washington commitment.

I seem to remnember that last year she said two years would be enough....I think both Warren and Obama knew getting her appointed head of the agency would be tough sledding.

[TheWraith]

6. Correct, she never wanted a permanent appointment. Just the temp job to set the thing up.

Elizabeth Warren made it clear to the White House while it was debating her nomination to the Consumer Financial Protection Bureau that she was not interested in a five-year term to run the agency. Barney Frank, a Warren ally, delivered that message to the White House, he told HuffPost in an interview Thursday.

"She always said she didn't want to be there as a permanent director. Some of the liberals are worried about it. It's almost an insult to Elizabeth. She wouldn't take this if there was the slightest impediment to her doing the job," he said.

http://www.huffingtonpost.com/2010/09/16/warren-didnt-want-permane_n_719932.html

[okasha]

10. And a run for the Senate isn't a long-term commitment?

That's a six-year term, not just two.

[Ikonoklast]

11. Haven't read or heard Warren herself say one thing about the Senate.

Just have seen speculation about it.

[shraby]

8. She said when she went to work setting up the bureau, that

she didn't want the job of heading the bureau, doesn't anyone remember that?

[Cal33]

9. No, I don't remember that. But it sure is good reason enough for Obama to appoint someone else.

[YvonneCa]

12. I do. Are there rumors of her running for...

...Senate (Brown, MA) ?

[Fearless]

15. Biting the hand that feeds... it's a shame. We need honest people.

[Cal33]

16. When she made that statement, it was in direct reply to one of the

Repub. congressmen, who was grilling her.

[Fearless]

18. Corporate politicians are the hand that feeds.

[Arkana]

20. They like her for the MA Senate race, I'm hoping.

She's a hero to the middle class and MA Democrats would fall all over themselves to work for her. Scott Brown would get wrecked in a race against her.