Girding for Warren
August 31, 2010 | CFPB Nomination, Elizabeth Warren, Financial Reform Bill - CFPB, federal legislation | Comments (0)From the New York Post:
Wall Street is preparing for a hurricane starting with the letter E, but it’s not Earl, it’s Elizabeth, as in Warren.
Bankers appear to be resigning themselves to a fate worse than tougher financial regulation: The hard-charging Harvard professor, who oversees TARP funding, seems a near-cinch to be named the nation’s consumer watchdog.
“At this point, it seems pretty clear that she’s going to get the nomination,” said one high-ranking bank official, noting that President Obama, who has been sliding in the polls, could use a Warren nomination as a rallying point.
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