The Hill News

Progressives are urging President Obama to nominate TARP watchdog Elizabeth Warren to head the new consumer agency created by financial reform legislation.

The Progressive Change Campaign Committee (PCCC) seized on a report today that Treasury Secretary Tim Geithner opposes a possible Warren nomination to the Consumer Financial Protection Agency, taking the opportunity to knock Geithner, whom liberals have always suspected of being too close to Wall Street.

"Elizabeth Warren is feared by Wall Street," PCCC wrote to supporters. "As chair of the bailout oversight panel, she held Wall Street executives' feet to the fire and was not afraid to speak out."

The group is placing online ads criticizing Geithner for his reported stance.

The left has cheered Warren, who suppo! rted creating the CFPA, for championing rigorous financial reform and criticizing the implementation of Wall Street bailouts.