The former Ohio governor of course signed the state rate cap law.  From the story:

Ted Strickland seems to be generating more interest now that he’s out of office than he ever did as governor.

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The apparent concern is that accepting the job “would undercut Elizabeth Warren, the Harvard law professor and consumer advocate who is currently a special adviser to the president charged with setting up the bureau,” The Journal says. She remains “a hugely popular figure among many Democrats and anathema to many Republicans,” the newspaper reports. (Presumably because the longtime critic of the financial industry actually would take seriously the job of regulating the financial industry.)

This is the second high-profile job for which Mr. Strickland is under consideration; his name also has come up as a possibility to chair the Democratic National Committee.