Warren Shoots to Top of Short List for CFPB Job - FDL

[WillyT]

Warren Shoots to Top of Short List for CFPB Job
By: David Dayen - FDL
Tuesday April 26, 2011 6:10 am

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We’ve seen enough trial balloons out of this Administration to cause a run on helium (Big Helium Bailout!), but this latest one courtesy of Bloomberg News is actually a two-fer: http://www.detnews.com/article/20110425/BIZ01/104250326/1001/biz First, there’s the speculation that Elizabeth Warren tops the list for Director of the Consumer Financial Protection Bureau, which she devised, fought to get enacted into law, and took the lead in setting up:

President Barack Obama has narrowed the list of candidates to lead the Consumer Financial Protection Bureau to a group of people with financial services experience, including Elizabeth Warren, an administration official said.

Warren, the Obama administration adviser setting up the agency, and the other candidates have all worked in financial services, though not necessarily in private industry, said the official who requested anonymity because the process isn’t public. The administration hopes to make a decision in the next few weeks, the official said.

I’ll note at this point that nobody else is mentioned in this piece other than Warren. The characterization of candidates who have “worked in financial services, though not necessarily in private industry” leaves in someone like Sarah Bloom Raskin, the former Maryland consumer protection official now on the Fed Board of Governors, who has been touted (although she just got to the Fed, which already has several vacancies of its own). There’s also been a little buzz for Sheila Bair, who only has a few months left on her term as the head of the FDIC. But neither of those candidates get into this piece.

But the more important trial balloon here is that there will almost certainly be a recess appointment for the position...

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More: http://news.firedoglake.com/2011/04/26/warren-shoots-to-top-of-short-list-for-cfpb-job/

:woohoo:

:kick:

[WillyT]

1. Kick !!!

:kick:

[WillyT]

2. Damn... I Thought This Was A Good Thing...

:shrug: