Who Can Obama Nominate To Head Up the Consumer Financial Protection Bureau?

9:00 am in Uncategorized by masaccio

Treasury Secretary Geithner doesn’t want Elizabeth Warren to head up the Consumer Financial Protection Bureau, created by the new financial reforms. As Shahien Nasiripour points out in the Huffington Post, Warren has called out Geithner on a number of issues, not least of which is the failure of Treasury to lead on the foreclosure problem.

President Obama can’t handle internal controversy, and what a battle it would be. On one side, the money boyz, Larry Summers (women are genetically unsuited for math), Geithner (Sheila Bair and Mary Schapiro are too serious about their jobs and not sufficiently impressed with the political skillz of the money boyz). On the other side, yet another woman more qualified by temperament, brains, determination, knowledge and skill than the money boyz. Geithner couldn’t bear having Warren describe his fetish for giant banks, the only people who might hire him after he exits the revolving door.

We know how that "battle" comes out: just look at Dawn Johnson. That means that Warren, who created the idea and has been its strongest proponent, is out as possible leader.

So, who can the President appoint who would be acceptable to the money boyz, and the administration’s buddies and potential massive contributors at the Business Roundtable? Herewith a list of possibles.

Read the rest of this entry →