Let's Clear Up Any Ridiculous Semantic Bullshit Regarding Warren: SHE WILL BE INTERIM HEAD OF CPFB

[Beetwasher]

Make no mistake, she IS the head of the agency. She WILL create it from scratch. She WILL be in charge. She WILL staff it. She WILL write the rules. She WILL create the processes. She WILL implement it's functions. She WILL leave her imprint on it for generations. Deal with it. And if you've been pushing for her to have the position of heading up this agency, you've just got MORE than you bargained for and you're being hypocritical in criticizing this appointment, because as interim head, she actually has MORE power as she is not subject to the political machinations and pressures of confirmation AND she is NOT gagged and can PROMOTE the agency as she's setting it up. And she is there until the Repubs decide to NOT fillibuster a permanent appointment, which could be her anyway. But the key is, having HER set the agency up. And she's doing that.

My sourcing, if you dispute it, let's see YOURS.

White House Taps Warren To Set Up Consumer Financial Protection Bureau

The White House has tapped Elizabeth Warren as a special adviser to help set up the Consumer Financial Protection Bureau, affirming its support for a tough new agency charged with protecting consumers from abusive lenders.

The move allows her to act as an interim head of the CFPB and will enable her to begin setting up the agency immediately and prevent the GOP from filibustering her nomination. Warren could serve until President Barack Obama nominates a permanent director to serve the five-year term -- a nomination he's not required to make for some time. Obama also could nominate her as the permanent director in the near future, a prospect that has been discussed among top aides, according to a person familiar with White House deliberations. Warren formally will be named as a special adviser reporting directly to Obama, and serving in a similar capacity to Treasury Secretary Timothy Geithner, later this week.

--snip--

http://www.huffingtonpost.com/2010/09/15/white-house-taps-warren_n_715291.html

She WILL be the head of the agency. She will be interim Director.

[saltpoint]

1. She's smart, tough, and qualified, and experienced, and

she's got that integrity thing goin', too.

Love her.

[The Velveteen Ocelot]

2. Another thing to consider: Would she even accept a position that had no power?

I don't think so. She gave up her job teaching at Harvard to take this position, and I doubt she'd have done that to accept some meaningless, rinkydink symbolic job with no real clout. In fact, to suggest the job she accepted isn't the "real" job is an insult to her. This is definitely the real thing.

[Cant trust em]

4. That's what I think. nt

[Beetwasher]

11. You Know What The Most Briliant Part Is? She Remains Director Until The Senate Confirms

The permanent nominee. So, let's say she's nominated and the Repubs want to fillibuster her? She remains Director! :rofl:

[Better Believe It]

24. No. Timothy F. Geithner will be the agency director until the Senate confirms.

Warren to head launch of financial protection bureau
Elizabeth Warren, who leads the panel overseeing the federal bank bailout, will take an advisor's role to the Treasury secretary that does not require Senate confirmation, sources say.
By Jim Puzzanghera and Peter Nicholas, Los Angeles Times
September 16, 2010

Reporting from Washington — President Obama, sidestepping a possibly heated confirmation battle, will appoint Harvard law professor Elizabeth Warren as a special advisor to the Treasury Department to launch the government's powerful new Consumer Financial Protection Bureau, according to two Democratic officials familiar with the decision.

Obama has been concerned that Warren would not be confirmed.

Under the financial reform law, Treasury Secretary Timothy F. Geithner would head the agency until a director is confirmed. By appointing Warren as a special advisor to Geithner, a position that does not require Senate confirmation, she could be designated to get the agency running.

By Sunday, Geithner must announce the date that consumer protection powers from other regulatory agencies will be transferred to the Consumer Financial Protection Bureau. The law gives the Treasury secretary six months to two years from the bill's enactment in July to get the agency operational.

http://www.latimes.com/business/la-fi-elizabeth-warren-20100916,0,1170513.story

[Beetwasher]

28. Wrong

"The move allows her to act as an interim head of the CFPB and will enable her to begin setting up the agency immediately and prevent the GOP from filibustering her nomination. Warren could serve until President Barack Obama nominates a permanent director to serve the five-year term -- a nomination he's not required to make for some time. Obama also could nominate her as the permanent director in the near future, a prospect that has been discussed among top aides, according to a person familiar with White House deliberations. Warren formally will be named as a special adviser reporting directly to Obama, and serving in a similar capacity to Treasury Secretary Timothy Geithner, later this week."

http://www.huffingtonpost.com/2010/09/15/white-house-taps-warren_n_715291.html

Theh agency reports to Treasury, that's the way it's set up, be she is the Interim Director.

But keep moving those goal posts!!

[quiet.american]

3. K&R nt

[izzybeans]

5. k.

Is this an attempt to critique the choice?

[daleanime]

6. Best news I've heard in a long time....

now let's get to work.:bounce:

[Marie Marie]

7. Finally! A voice for the people.

If politics don't get in her way, she will be amazing at this job.

[lamp_shade]

8. You got that right.

[girl gone mad]

9. On Geithner's short leash.

The administration demonstrates its subservience to Wall Street, yet again. Disappointing, but by no means a surprise.

Wall Street critic won't get top consumer job
http://www.msnbc.msn.com/id/39201659

WASHINGTON — The White House will name Wall Street critic Elizabeth Warren to a special advisory role in setting up the new Consumer Protection Agency called for by the financial regulatory overhaul, a source familiar with the White House's plans told NBC News on Wednesday.

The announcement will come this week, the source said.

In her new role, Warren will report to both the White House and the Treasury Department. However, the job will not require Senate confirmation.

The 61-year-old Harvard University professor had been considered the leading candidate to head the bureau itself, but her lack of support in the financial community could have set the stage for contentious Senate hearings that may have ultimately derailed her confirmation.

[Beetwasher]

10. Bullshit, She's The Director

And the position reports to Treasury.

[Junkdrawer]

12. I read the article. I don't see the claims you made...

Where does it say "she IS the head of the agency. She WILL create it from scratch. She WILL be in charge. She WILL staff it. She WILL write the rules. She WILL create the processes. She WILL implement it's functions. She WILL leave her imprint on it for generations."

:shrug:

[Beetwasher]

13. What Do You Think Interim Director IS?

What do you think setting up the agency means?

"The move allows her to act as an interim head of the CFPB and will enable her to begin setting up the agency immediately and prevent the GOP from filibustering her nomination. Warren could serve until President Barack Obama nominates a permanent director to serve the five-year term -- a nomination he's not required to make for some time. Obama also could nominate her as the permanent director in the near future, a prospect that has been discussed among top aides, according to a person familiar with White House deliberations. Warren formally will be named as a special adviser reporting directly to Obama, and serving in a similar capacity to Treasury Secretary Timothy Geithner, later this week."

[Junkdrawer]

14. "What Do You Think Interim Director IS?" A pretty title...

She might be able to do all the things you say or she might be blocked by Geithner at every step.

Time will tell.

[Beetwasher]

15. How Incredibly Demeaning Of You, You Must Think Warren Is Some Sort Of Chump

n/t

[chimpymustgo]

16. No, we just know how Obama operates. I'll believe she has power when I see her exercise it.

[Beetwasher]

17. So YOU Know Better Than SHE Does How Obama Operates? When Are You Guys Lunching?

:rofl:

[Junkdrawer]

18. No. I think she's an optimist and Obama's friend....

Why are people who are saying "I'm from Missouri: Show me" being attacked?

This message discipline shit scares me more than anything else.

[Beetwasher]

19. LOL!!!! Oh, So Now She's Some Naive, Rosy Eyed Optimist Chump??? ROFL

This is the most pathetic moving of goal posts I've ever seen!

[Junkdrawer]

20. I'd respond, but my mouth is too full of your words....n/t

[Beetwasher]

21. You Obviosly Think She's A Chump Who's Being Played By Obama

Your low opinion of her is noted. It's eithe that or your being disengenuous.

Oh, that's right, she's Obama's friend, but YOU know how Obama operates better than SHE does! :rofl:

[Junkdrawer]

22. mmmph mmmahhh mmmmph......n/t

[Beetwasher]

23. Not My Fault You Backed Yourself Into A Corner With Your Goalpost Moving

But there you are. You either have to admit Obama's done good by appointing her to this position which everyone's been screaming for him to do, or you now believe she's some chump who's taking a symbolic figurehead role. Sucks for you!

[Name removed]

26. Deleted message

Message removed by moderator. Click here to review the message board rules.

[Beetwasher]

27. Oh, So Now She MIGHT Be A Chump, Which Is It?

You guys have moved the goalposts so far, you're cornered and it's hilarious!!!

[Ignis]

30. !

:spray:

[G_j]

25. I had the same question

after reading the article.
:shrug:

[phleshdef]

29. The professional left hates getting its way more than it does not getting it way.

By getting its way, its previous pre-emptive bitchings become embarassments. The professional left would rather bitch and be proven right than be proven wrong and suffer the embarassment that comes with that.

[Subdivisions]

31. Please show where the "professional left" said anything that has

been proven wrong re: Warren.

Also, are you on the left? Do you hate the so-called "professional left"?

[phleshdef]

32. Its all over DU. I'm not holding your fucking hand.

And I could care less if that makes you want to agree or disagree with me or if it somehow enables you to challenge the credibility of my statement. I simply don't give a shit. I'm more concerned with realistic progression of a liberal agenda instead of the fairy land BS that is espoused by people who just play liberals on the tv and the internet.

[tkmorris]

33. I am solidly perched on the fence here

I do not know yet what I think of the machinations around Ms. Warren. Perhaps this appointment will simply allow her to act with the authority we all hoped she would command while circumventing the circus that is Senatorial confirmation. On the other hand maybe it is just a way of appeasing the Left by "appointing" her to a made-up position without any real power.

I do know however that your (Beetwasher) manner of arguing your viewpoint on this is distasteful in the extreme. You start by stating opinion as if it were fact and then respond to those who point this out by being rude, belligerent, and downright nasty. Who do you think you are convincing with that sort of behavior? Can you not understand that some of us are staunch, lifelong Democrats who nonetheless have doubts? Do you not recall that we are on the same side in this? WE ARE NOT YOUR ENEMY. Please stop acting as if we are.

[Beetwasher]

34. It IS A Fact:

"By appointing Warren to a post within the administration - much as the White House did with "car czar" Steven Rattner and "compensation czar" Kenneth Feinberg - Obama would free her to act as the bureau's director beginning immediately while avoiding a confirmation battle. The move also will thrill the consumer groups, labor unions, academics and liberal lawmakers that have lobbied relentlessly for her to lead the new regulator."

People denying it are doing it for one reason only.