OMG!!! Some Anonymous Dude Says Geithner HATES WARREN!!! *FREAKOUT*!!!!!!

[Beetwasher]

Or maybe not. Let's see- anonymous dude via HuffPor or named sources on the record? Hmmm. Lessoned learned on DU? Nahh.:

In response to a HuffPo report that Treasury Sec. Tim Geithner was opposed to the nomination of Elizabeth Warren to the newly created CFPB, David Dayen asked Michael Barr, the assistant Treasury Secretary for Financial Institutions for clarification.

Barr totally denied this to me. “I don’t know where that (report) came from,” he said. I asked him if he thought Warren was well-qualified for the position and if anyone at Treasury would stand in her way if she were the top choice. “I think Elizabeth is absolutely terrific,” Barr said. “She’s been working closely with me and Secretary Geithner for a year and half to push for this consumer protection bureau. I believe and Secretary Geithner believes that she’s exceptionally well-qualified to run it.”

That’s on the record now. Tim Geithner and his lead deputy at the Treasury Department think Elizabeth Warren is well-qualified to head the CFPB. It’s important that this information gets distributed far and wide.

http://www.dailykos.com/storyonly/2010/7/16/884876/-The-case-for-Warren-at-the-CFPB

--snip--

White House: Warren a top candidate for agency job
WASHINGTON – A top White House official says Elizabeth Warren is "obviously a candidate" to lead a new consumer protection agency.

David Axelrod, senior adviser to President Barack Obama, told reporters on Friday that Warren is a champion for consumers and middle-class families. He said she helped inform the consumer-protection efforts that are part of the giant financial reform bill that Congress sent to Obama on Thursday.

The legislation calls for the creation of a consumer protection agency. Axelrod said Warren is certainly a candidate to lead it, but not the only one.

Warren now heads the Congressional Oversight Panel, which has been a watchdog over the Treasury Department's bank bailout fund.

Obama is expected to sign the bill as early as Wednesday.

http://news.yahoo.com/s/ap/20100716/ap_on_bi_ge/us_financial_overhaul_warren_1

[ProSense]

1. I accidentally hit unrec. Not everyone is buying into Narisipour's rumor.

Matthew Yglesias: Staffing Up FinReg Right

Shahien Narisipour has a plausible-but-thinly-sources HuffPo story about Timothy Geithner trying to block any talk of nominating Elizabeth Warren to head the new Consumer Financial Protection Bureau. I wouldn’t put a ton of stock in a story based on “a source with knowledge of Geithner’s views” but the two of them have clashed in the past so this could be the case. For example, speaking on the record earlier today Assistant Treasury Secretary for Financial Institutions Michael Barr said Narisipour’s report was wrong, and that he and Geithner both regard her as “exceptionally well-qualified.”

I’m firmly of the view that nobody is indispensable ever, and Warren is no exception to that, but there’s a good prima facie case for her. That’s because good agencies not only need good people at the top, they need good people in the middle and the bottom too. Once an agency’s been up and running for a while, this is largely a question of lock-in. Effective, high-prestige public agencies (the United States Navy, the Federal Reserve) attract a lot of motivated applicants and thus get on a self-reenforcing path of effective personnel and high prestige. But when you start something new, everything is wide open. Launching the agency with someone like Warren—a reasonably well-known high-status individual whose status among people interested in consumer financial protection is very high—will draw other committed people into the new bureau.

This isn’t the only relevant consideration, and she’s not the only person who could do a good job, but if he ends up going in a different direction—someone like Barr himself, perhaps, a former CAPer who’d also be very good—then it’s important for Obama to take action to elevate the profile of the new bureau and make sure its culture starts off in the right place.

[Scurrilous]

2. Fire Geithner!!1!

:P

[truedelphi]

7. It should be easy enough to do,

given that he is on the record lying to Congress. More than once.

[librechik]

3. I've been suspicious of that story from the getgo (although it's something easy to believe

they've already demonstrated their contempt for those girls (Elizabeth and Brook and Sheila)
Wall Street is a man's world (of greed, treachery and fraud) They just don't fit in with their agenda for fairness for families and thinking of the consumer...

[Cant trust em]

6. Which takes more precedence here?

HuffPo's general lack of credibility or Geithner's?

Maybe it's just my personal bias, but HuffPo seems to be prone to these kinds of anonymous scandal stories.

[librechik]

9. yup--story is very poorly sourced

and not the first time for the Huff...

[Cant trust em]

10. I really wish they were better.

They have so much potential, but they seem to be more interested in being a political tabloid rag.

[HughMoran]

4. .

[flamingdem]

5. BS from Hu$Fington nt

[lamp_shade]

8. Big rec... (I can only shake my head every time this happens) n/t