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Yay!!! Hear, Hear!!!! A clink of two Heineken bottles to that one. Let's get America at least halfway back on the damned train track President Obama. Don't kill what's left of the dwindling hopes we have in your Presidency. Get on the stump for Miss Warren ASAP Sir.
Posted by: Ted K | August 22, 2010 at 09:26 PM
Does anyone know the earliest date Ms. Warren (or someone else) COULD have been appointed?
I'm starting to get the impression that they are delaying this until they think it's off everyone's radar screen, so they can appoint someone else.
Or they may even be planning to leave the position unfilled as long as possible (years, even?).
Posted by: Karen | August 24, 2010 at 11:17 AM
Several articles at the end of July quoted the Treasury Secretary as saying that, in the absence of a confirmed CFPB director, it was his role under the law to "stand up" the new agency as soon as possible and that he met with leaders of seven or eight of the federal financial services related agencies about moving forward according to the schedule laid out in the legislation. Potentially the worst part was that it sounded like a continuation of revolving-door syndrome and "capture" syndrome at their worst. To get things moving quickly, more "wall street experts" would be needed as soon as possibly, and, at the very least, the Secretary would commandeer (or borrow) employees from the financial services related agencies. It is not clear that this is the way to go, particularly in that some of the other agencies which have successfully operated under the media radar within complex credit transactions, financial services and customer service realms were left off of his list -- USDA, HUD, VA and Education.
Posted by: Mossup | August 24, 2010 at 11:07 PM