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Can't Anybody Play This Game?

Shahiwn Nasiripour:

Tim Geithner Opposes Nominating Elizabeth Warren To Lead New Consumer Agency: Treasury Secretary Timothy Geithner has expressed opposition to the possible nomination of Elizabeth Warren to head the Consumer Financial Protection Bureau, according to a source with knowledge of Geithner's views. The financial reform bill passed by the Senate on Thursday mandates the creation of a new federal entity charged with protecting consumers from predatory lenders. But if Geithner has his way, the most prominent advocate for creating the agency may not be picked to lead it...

David Dayen:

Assistant Treasury Secretary Michael Barr: Elizabeth Warren “Extremely Well-Qualified” for CFPB: I’m on a conference call with Michael Barr, the assistant Treasury Secretary for Financial Institutions, about the Wall Street reform bill. Barr has been basically the lead at Treasury on the bill. So I asked him about this disturbing report about Timothy Geithner trying to block Elizabeth Warren from heading the Consumer Financial Protection Bureau, which was her brainchild.

Barr totally denied this to me. “I don’t know where that (report) came from,” he said. I asked him if he thought Warren was well-qualified for the position and if anyone at Treasury would stand in her way if she were the top choice. “I think Elizabeth is absolutely terrific,” Barr said. “She’s been working closely with me and Secretary Geithner for a year and half to push for this consumer protection bureau. I believe and Secretary Geithner believes that she’s exceptionally well-qualified to run it.”

That’s on the record now. Tim Geithner and his lead deputy at the Treasury Department think Elizabeth Warren is well-qualified to head the CFPB. It’s important that this information gets distributed far and wide...


Geithner Agrees: Warren “Exceptionally Well-Qualified” to Lead Consumer Protection Bureau: I just secured a statement from Andrew Williams, Treasury’s Deputy Assistant Secretary for Public Affairs, about Timothy Geithner’s views on Elizabeth Warren. This has been a raging controversy since it was reported last night that Geithner would potentially move to block Warren’s appointment to head the Consumer Financial Protection Bureau due to friction between the two in the past. Here’s the statement in full:

Elizabeth Warren has been a driving force behind the creation of the consumer financial protection bureau, and we have worked very closely with her over the past year and a half to make that idea a reality. Given her strong leadership on consumer protection, Secretary Geithner believes that Elizabeth Warren is exceptionally well qualified to lead the new bureau, and, ultimately, that’s a decision the President will have to make.