Elizabeth Warren is the architect behind the Consumer Financial Protection Bureau, the new agency created to police many financial products, including mortgages, and a centerpiece of the Administration's reform efforts. Opposition from Wall Street, Republicans, and some moderate Democrats prevented the Harvard law professor and longtime critic of the banking sector from being nominated to head the bureau after its creation last year. Instead, President Barack Obama appointed Warren as a special adviser in September and asked her to prepare the bureau for its July 21 launch. The move was seen by her supporters as a chance for Warren to placate her critics and clear the way for an eventual nomination.Six months later, she's not on target, and Obama is looking at replacements. Probably it takes some business or management experience to tackle this job--ya think?
Time's Nearly Up for Elizabeth Warren - BusinessWeek
No comments:
Post a Comment