The Elizabeth Warren Controversy

1 comment September 15th, 2010at 11:20am Posted by Eli

The Democrats seem to hate her almost as much as the Republicans do…

Banking Chairman Chris Dodd (D-Conn.), who has been vocal in his opposition to selecting Warren, said Tuesday that he was “not enthusiastic” about Obama potentially appointing Warren to lead the Consumer Financial Protection Bureau.

Dodd has said that the agency needs a leader and that the nominee should go through the full Senate confirmation process and be subject to a floor vote. He said he particularly recommended against making a recess appointment, saying it would “be met with a lot of opposition.” Some Warren supporters had urged Obama to appoint her to the position while Congress was adjourned for the August recess.

Sen. Mark Warner (D-Va.), a central player in the financial regulatory debate that eventually led to the creation of the consumer agency, also said naming Warren would be a harmful exercise.

“I would prefer someone who was not going to stir as much controversy in this first round as we establish this new consumer entity,” he said. “We should get off on a strong foot.”

Obama has every right to appoint Liz Warren to CFPB, but he should show sensitivity to the feelings of Republicans, conservadems and Wall Street and appoint her somewhere else.

Entry Filed under: Corruption/Cronyism,Democrats,Dodd,Economy,Obama,Politics,Wankers

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