» Well, technically, she’s not in the race yet; she’s just formed an exploratory committee. But if Warren gets in, this will be a nice coup for Democrats, as she’s absolutely adored by progressives and could stand a shot at unseating Scott Brown. If “Downtown Scotty Brown” goes down, and Democrats gain a Senate seat they would have probably otherwise lost, Republicans will probably regret preemptively blocking Warren’s appointment to the CFPB.
Until President Obama addresses our concerns by supporting a few reasonable structural changes, we will not confirm anyone to lead it. No accountability, no confirmation.Sen. Richard Shelby • Offering an ultimatum about the Consumer Financial Protection Bureau, particularly in regards to its leadership. Obama recently chose former Ohio Attorney General Richard Cordray as his pick — a slight over noted financial industry critic Elizabeth Warren, but one that will nonetheless face a tough Senate confirmation battle. The GOP wants to push a five-member commission structure for the organization, but while Obama may offer concessions to please Republicans, that particular idea is off the table. source (via • follow)
swagandpassion asks: Is the Elizabeth Warren report being eliminated by Obama, a political situation? I would assume she would be ideal, but how big a fight would it be to restructure the agency if she was appointed?
» SFB says: As far as we can tell, that’s what happened. From an LA Times piece on the matter: “Warren appeared the obvious choice for the agency’s powerful director. But strong Republican opposition made the White House nervous that the nomination would be filibustered in the Senate, preventing Warren from playing any role in organizing the agency.” In case you aren’t familiar with this drama, this video basically confirms this fact. If you ask us, GOP distrust of Warren had much less to do with Warren herself and more to do with the fact that they want to weaken the organization right off the bat. Remember, the law creating the organization passed with only two GOP votes in the Senate. — Ernie @ SFB
» SFB also says: There are rumblings that Warren is considering running for Scott Brown’s Senate seat in Massachusetts next year. It’s possible that she’s already informed Obama of her intent to run, which would a) save the President a long, protracted nomination battle, and b) potentially flip a Senate seat to the Democrats. Conversely, if she hadn’t yet decided, Obama’s decision not to appoint her to CFPB might make that decision a bit easier. Of course, this is all pure speculation, but it’s worth keeping in mind. — Seth @ SFB
By passing on McHenry’s already debunked claims without fact checking them, the press lent credence to falsehoods. In other words, it’s helping politicians lie and perpetuating a smear against Warren.Elizabeth Warren Is Smeared, and the Press Is Along for the Ride : CJR (via firthofforth)