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Wednesday, July 21, 2010

postheadericon Will Elizabeth Warren be Blago'd by bank lobbyists?

Elizabeth Warren is by far the best, strongest and most qualified candidate to lead the new consumer protection agency created by the financial bill. My hope is that President Obama selects her, but if he does not, the reason would be that she was Blagojevich'd by bank lobbyists who would have veto power over their regulators.

There are widespread reports that certain White House aides favor Warren, while others may not. There are widespread reports that Treasury Secretary Tim Geithner opposes her. Geithner's aides deny this, but I strongly believe he does oppose her. It should not matter if the president wants the best person for the job; the choice is clear: Elizabeth Warren.

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