:applause:
http://blogs.abcnews.com/politicalpunch/2010/09/exclusive-president-obama-to-this-week-name-elizabeth-warren-to-special-advisory-role-to-white-house.htmlPresident Obama will announce this week that Elizabeth Warren, the Harvard Law School professor who first proposed the Consumer Financial Protection Bureau, will be named to a special position reporting to both him and to the Treasury Department and tasked with heading the effort to get the new federal agency standing, a knowledgeable Democrat told ABC News.
Warren currently chairs the Congressional Oversight Panel of the Troubled Assets Relief Program and has been seen by many on the Left as a force for greater accountability and transparency, and a check against the forces in the Obama administration more closely allied with the financial sector. Many officials in that sector eye her warily as too anti-business.
At his press conference Friday, President Obama noted that “the idea for this agency was Elizabeth Warren’s,” a reference to an essay she wrote in 2007 in Democracy: A Journal of Ideas in which she proposed a “Financial Product Safety Commission.”
The president went on to call Warren “a dear friend of mine. She’s somebody I’ve known since I was in law school. And I have been in conversations with her. She is a tremendous advocate for this idea. It’s only been a couple of months, and this is a big task standing up this entire agency, so I'll have an announcement soon about how we’re going to move forward.”