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Will Obama man up to the banks and appoint Elizabeth Warren to consumer post?


A tweet last night from the Nation’s Katrina vanden Heuvel has raised expectations that President Obama will soon nominate Elizabeth Warren to head the new Consumer Financial Protection Agency.  Betty Cracker at Rumproast says if the rumor is true, she’s looking forward to the confirmation fight:

I’d love to see the brilliant, no-nonsense Ms. Warren on teevee analyzing the big shitpile and spelling out exactly how the GOP and its enablers stacked the deck in favor of their sugar daddies at the expense of the middle class.

While Public Citizen has been pushing for Warren to get the job because of her tough, bulldog  approach to Wall Street abuses, Liberaland’s Yashwanth Manjunath says if Obama really wants Warren for the job, he’d just bypass Congress and make her a recess appointment. He doesn’t see it happening, though, because neither the Democrats nor Republicans are all that interested in really reforming the financial markets.

This issue has nothing to do with “liberals” and “conservatives”; it has to do with power, and who really has it in Washington. Elizabeth Warren has no shot of being confirmed by this Congress because, as Dick Durbin once admitted, “the banks own the place.”