Elizabeth Warren Passed Over For Head of Consumer Financial Protection Bureau
- Posted on July 17, 2011 at 7:32pm by
Christopher Santarelli
- Print »
- Email »
The White House confirmed Sunday that former Ohio Attorney General Richard Cordray will be nominated by President Obama to head the new Consumer Financial Protection Bureau. In doing so Obama passes over Harvard Professor Elizabeth Warren, the outspoken consumer advocate, Wall Street critic and White House special advisor responsible for developing the new agency. The President spoke of his nominee Cordray in a recent statement:
“Richard Cordray has spent his career advocating for middle class families, from his tenure as Ohio’s Attorney General, to his most recent role as heading up the enforcement division at the CFPB and looking out for ordinary people in our financial system,”
Many liberals had hoped that the President would select Warren to head the CFPB, despite their belief that Republicans would adamantly oppose Warren’s appointment. Democratic Ranking Member of the House Financial Services Committee Rep. Barney Frank told Reuters:
“I have strongly supported Elizabeth Warren and she would be my first choice for the position. I regret that she has fallen victim to such wholly unjustified political attacks. The President has made the second best appointment possible.”
Sen. Charles Schumer said to PolitickerNY that in passing over Warren; “the President was just facing reality when he said that he couldn’t nominate her because she never would have been approved.”
The appointment requires Senate confirmation to put Cordray at the head of a new federal agency that aims to restrict unfair, deceptive or abusive credit practices, promote financial education, and investigate consumer complaints. Senate Majority Leader Mitch McConnell recently reiterated the sentiment expressed by 44 Republican senators in May, who announced they would not vote to approve any candidate to run the bureau without changes to the agency’s structure.
An event at the White House is planned for Monday where Obama will discuss his pick.
The Wall Street Journal reported Sunday that those who know Warren say she wanted the director post. PolitickerNY has suggested that Warren “is said to be interested in running against Massachusetts Republican Scott Brown.”
Popular Stories
Does Misstated Marathon Claim Prove Paul Ryan Is Dishonest? (POLL) 688 Comments
‘Jumah at the DNC’ Speaker: ‘Muslims Visited America Prior to Columbus’ & ‘It Was a Muslim’ Who Guided Him to the ‘New World’ 536 Comments
Paper Details Obama Admin’s Alleged Secret Note Sent to Iran: If Israel Attacks, We Won’t Get Involved 455 Comments
Obama: RNC Like Watching ‘Black-and-White TV’ Because Romney ‘Did Not Offer a Single New Idea’ 374 Comments
Roseanne Barr: Most Billionaires ‘Violent Pedophiles’ & ‘Heartless’ Cocaine Addicts 333 Comments
Faith
This Is the Creationists‘ Response to Scientist Bill Nye’s Viral Pro-Evolution Video Claiming They Harm Children 299 Comments- Pakistani Muslim Cleric Accused of Framing Disabled Christian Girl in Koran-Burning Case Read More
- ‘Made Up Religion’: TV Historian Enrages Muslims, Receives Threats After Producing UK Documentary Questioning Islam’s Beginnings 311 Comments
Meet the Controversial German Imam Accused of Brutally Beating His Wife & Pushing Sharia Law Read More
‘Self-Proclaimed Messiah’ & Unification Church Leader the Rev. Sun Myung Moon Has Died — Here’s His Life Story Read More
Business
President Obama Issues Major ‘Green Energy’ Executive Order 204 Comments- Germany’s Upcoming Court Ruling Will be Huge for the EU Read More
Ford Looks to Beat Toyota for Best-Selling Car in 2012 With This Model 148 Comments
Bernanke & QE3: Here’s What You Need to Know Read More- ‘Extortion’: Why Did the Labor Department ‘Drop the Hammer’ on Oregon Farmers? 301 Comments
Technology
- This Is the Creationists‘ Response to Scientist Bill Nye’s Viral Pro-Evolution Video Claiming They Harm Children 299 Comments
‘TaserDrone’: Hackers Weaponize Quadcopter With Actual ‘Shocking’ Technology Read More
Ever Heard of the Wild ‘Burning Man’ Festival in the Middle of the Nev. Desert? Here’s Your Primer Read More
Stanford Develops Technology ‘Better Than Steroids’ for Athlete Recovery Read More
Have You Pretended to Know What ‘the Cloud’ Is? You’re Not Alone Read More
Submitting your tip... please wait!
Comments (133)
Teleologicus
Posted on July 17, 2011 at 8:48pmElizabeth Warren blew herself up like an incompetent jihadist right in front of the House sub-committee and on tape for everyone in America to see. Her incredible arrogance and her claim that she had to leave for an important meeting(!) confirmed the worst fears people have about creepy control freaks who want to “protect” other people, including those who have not requested and do not desire such “protection.”
The only protection Americans need is from people like this and a government that empowers them to meddle in the affairs of others. It is an insult to suggest that Americans cannot take care of their own finances without the help of do-gooders like Elizabeth Warren & Co.
Applicants for government jobs come and go, but the bureaucracy is immortal. Now we have still another one to have to pay for and guard against. It will expand like a rapidly growing tumor and consume scarce resources just like all the rest. And nothing anybody can do or say will be able to terminate or even restrain it.
Way to go. Just what we need right now: a whole new Federal bureaucracy to protect us from ourselves.
Report Post »JoeBtfsplk
Posted on July 17, 2011 at 9:04pmMore of the same! SOSO.
Report Post »James
Posted on July 17, 2011 at 9:15pmI agree, federal government and it’s bureaucracy has encroached way too far into the private lives of US Citizens. The bureaucracy is like a self fufilling job protection facility, once it starts there is no end to what these publicly funded unionistas will do to keep their jobs. Just ask yourself this question; “what has the government done for you individually lately?” Name a few, then ask yourself how you individually have been harmed?” Think about it folks, the fed taxes and collects your taxes, then redistributes your tax dollars and you have no real say where and how it is spent. The appropriators in the House and Senate make that decision for you to and encluding those hatefull “Earmarks.”. I’m not against a federal government at all, rather just believe it needs to be much smaller and start fullfing it’s proper statutory obligations as delineated by the Founding Fathers as prescribed by The US Constitution. Ever wonder why the political lawmakers are forever trying to re-interprate The US Constitution to fit their narrow constituency purposes (pressure groups) and/or their own views of what is Constitutionally proper or not?
Report Post »Whostolemypig
Posted on July 17, 2011 at 9:57pmMaybe she can fill in for Akmed on the Jeff Dunham tour.
Report Post »mwhaley
Posted on July 17, 2011 at 10:00pmTeleologicus, Right On, Right On, Right On!
Report Post »TomFerrari
Posted on July 17, 2011 at 10:15pmAGREED.
The Constitution of These United States charges CONGRESS with PROTECTING OUR RIGHTS.
We were NEVER to have a large government. Let alone one from which we, ourselves, needed protection!
Report Post »Rightsofman
Posted on July 17, 2011 at 10:45pmSo I assume this guy is dyed in the same wool anyhow – wonder if he likes being referred to as “second best choice”? I‘m sure he’ll work hard to jam up the free market for our own good. Lot of experience trying to run a successful business? I think not.
Report Post »oldoldtimer
Posted on July 17, 2011 at 11:41pmSome people do not realize that this commission is independent of Congress. They are funded by the Fed. They can not even be called before Congress. The dems passed that farce on us. A regulatory agency wit the power of law and totally out of Control of Congress.
Report Post »damile
Posted on July 18, 2011 at 2:36amperfectly said. Cut all the useless people out of government and we could balance the budget today. And, anyway, we could put them on social security and get the same amount of production out of them as we do paying them as a government employee….RIGHT.
WAKE UP…THERE’S A COMMUNIST LIVING IN THE WHITEHOUSE!!!!!!!!!!!!!!!!!
Report Post »BehindBlueEyes
Posted on July 18, 2011 at 6:49am@Teleologicus
Report Post »Excellent post. You hit the nail on the head about these people being control freaks. It is the fundamental trait of the radical left. This is why liberalism will lead to totalitarian control of the people.
They view the masses as cattle.
Jezcruzen
Posted on July 18, 2011 at 6:49am+ 1000
Another commie bites the dust!
Report Post »bandi9
Posted on July 18, 2011 at 7:28amvery well put. these people scare the daylights out of me, and i dont mean they would scare me in a fistfight.
Report Post »chazman
Posted on July 18, 2011 at 7:28amThe Federal Government has become the enemy of the American people. What are we gonna do about it? Vote ‘em out? Our votes are becoming worthless. What then? I believe we will have to ask that question of ourselves all too soon. God help us.
Report Post »MONICNE
Posted on July 18, 2011 at 9:34amShe was held back so she can blow away Senator Scott Brown in 2012.
Report Post »MGB-CPA
Posted on July 17, 2011 at 8:43pmThis looks like another Community Organizing debacle from the master himself. Check out my web site for description of the job title “Community Organizer.”
Report Post »http://www.mgb-cpa.com
carnifex
Posted on July 17, 2011 at 10:37pmWon’t even slow the Won down. He’ll appoint her or her mental doppleganger during the recess. The elite schools grind down any original thought and churns out these robotic Marxist like clockwork. Speaking of which, Stanley Kubriks’ “A Clockwork Orange” is so very relevant to my prior point. Watch it and learn to fear the future.
Report Post »tvr54
Posted on July 18, 2011 at 8:46amGreat link thanks
Report Post »chips1
Posted on July 17, 2011 at 8:36pmIt’s always the same idiots. Where are the people that have succeeded in the public domain? The vacant slots just get filled with people from other slots. As for searching for leaders in the field of expertise, it’s just about moving from slot to slot. Obama is a nut case. As an example, a teacher that was profiled on a TV program years ago had her students reading the classics and were excelling in all grades. Why didn’t the government recruit her to head the school program? It‘s because she wasn’t a member of the established elite. Being an expert don’t mean crap in government. Clean all the freaks out!!!!!!!!!!!!!!!!!
Report Post »B_rad
Posted on July 17, 2011 at 9:25pmNone of them can excell in the private sector. They are not people, they are leaches. The best part about the Obama administration, is that if someone works for them it’s a fair bet they are a Marxist/Socialist and hate this country and the free market. When they are let back out in society they should be forced to wear a sign that says I worked for Obama to ruin this country.
Report Post »Dave In Arizona
Posted on July 17, 2011 at 8:35pmDo you think Obama might be a sexist?
Report Post »Carol in MA
Posted on July 17, 2011 at 8:28pmCordray was a former Attorney General in Ohio….is Obama throwing Warren under the bus for the Ohio votes in 2012?
Report Post »dealer@678
Posted on July 17, 2011 at 9:24pmOsamba has become the laughing stock of america. He keeps installing people that have barely reached puberty to do a real mans job.
Report Post »Phoenixsoulfire
Posted on July 17, 2011 at 10:33pmBingo, He loves throwing people under the bus. It better be a green bus though because is screaming at us to drive the green bus
Report Post »FirmReliance
Posted on July 18, 2011 at 7:06amYou’re absolutely right, Carol! That was my first thought. I pray that the good folks of Ohio see his
Report Post »ploy for what it really is.
Zorro6821
Posted on July 18, 2011 at 7:31amThat is it in a nutshell. It’s all about the votes.
Report Post »paulusmaximus
Posted on July 17, 2011 at 8:19pmDon’t get all fuzzy over this yet. Cordary is just as bad but less known, He is big government to the bone and the little guys will be rolled over the coals by him and I don‘t mean just small business he like coming after those he think can’t afford to hire a lawyer.We already know what any agency with the word protective means to those of us who read between the lines.
Report Post »spirited
Posted on July 17, 2011 at 8:14pm“I have strongly supported Elizabeth Warren and she would be my first choice for the position.”
>Barney (being) Frank
Report Post »SHOWMESTATEGUY
Posted on July 18, 2011 at 2:15amI have a wish list of people I would like to see leave public office in 2012. The name Barney Frank is first.
Report Post »MONICNE
Posted on July 18, 2011 at 9:37amBarney and Elizabeth will blow away the opposition in 2012 Massachusetts. Pun intended.
Thanks to the loyal opposition for making the obscure Ms. Warren a public figure with national name recognition that now equals Sarah and Michele.
TEA
Report Post »Legal Immigrant
Posted on July 17, 2011 at 8:11pm“…new Federal agency…”
Complete with power to possess firearms and conduct warrantless no-knock raids at their leisure.
They will find a way or seek the ability.
For your safety.
Report Post »PrfctlyFrank
Posted on July 17, 2011 at 8:29pmThis cannot stand!!b WTF are we dealing with here?? These guys ignore the Constitution with impunity and where’s the freakin Speaker of the House?? Where is the House of Representatives screaming to the rafters about this redundant level of bureaucratic bs and these socialist freaks to run them..
Report Post »Fantastic Four
Posted on July 17, 2011 at 8:11pmjust 1 question? What will be these peoples salaries and benifits? it’s funny how the people that are suppose to work for us Pay themselves better with OUR money……
Report Post »escape_from_socialism
Posted on July 17, 2011 at 8:19pmIt’s worse..the agency is financed and support by…….Federal Reserve System.
Report Post »MONICNE
Posted on July 18, 2011 at 9:38amThe average annual Gross salary of the top 20 employees will be $160,000.00
Report Post »abbygirl1994
Posted on July 17, 2011 at 8:09pmAnybody Obama picks will do whatever Obama wants, so really he is no better than Warren! When will the GOP stop this madness!
Report Post »Fantastic Four
Posted on July 17, 2011 at 8:08pmHere goes a good question “what will be their salaries adn benifits” PAYED for by the AMERICAN TAX PAYER…..Shouldn’t all government jobs be forced to pay minimum wage with part time benifits? Why should they be PAID more than the people paying their salary. Another way to put it how does General Electric C.E.O. Jeffrey R. Immelt pay his janitor a bigger paycheck than himself…… ooops sorry I think the janitor does makes more since he probably paid taxes and Jeff didn’t pay anything so I guess he just works out of the kindness of his HEART……ahhh how sweet
Report Post »DaytonConserve
Posted on July 17, 2011 at 10:56pmJeffrey Immelt just got GE a 30 year tax abatement at the expense of the local school district and human services in Dayton Ohio. Worth over 9 million dollars. Guess the children aren’t important when municipal money laundering is involved.
Report Post »cheezwhiz
Posted on July 17, 2011 at 8:03pmCordray at the head of a new federal agency that aims to restrict unfair, deceptive or abusive credit practices, promote financial education, and investigate consumer complaints.
Report Post »——-
Translation :
Cordray at the head of a new federal parsitic agency that aims to blackmail people and companies who have money ,
to extort cash ( = protection money) for marxists , Democrats and other terrorists .
Cash for nuisance
Move2Texas
Posted on July 18, 2011 at 12:33amCorrect! You nailed it!
Report Post »progressiveslayer
Posted on July 17, 2011 at 8:01pmThat’s just what we need another bureau to protect us from “big business”,who’s protecting us from the government? The constitution is suppose to do that but Barry & his crew of progressives,communists.and marxists have eviscerated the constitution.
Report Post »CatB
Posted on July 17, 2011 at 11:27pmWell said .. and why when I need to do any banking or something with my credit card .. new rules are making it HARDER OR MORE COSTLY ??? OBAMA and the CONTROL FREAKS STRIKE AGAIN!
TEA!
Report Post »welovetheUSA
Posted on July 17, 2011 at 8:00pmThis whole adminstration makes e sick, period.
Report Post »Seasoldier
Posted on July 17, 2011 at 7:59pmOkay, so now that Obama has created a new fiefdom, he has to have a czar to run it. The question at this time of “Budget Crisis” should not be who will run a new agency, but whether we should be adding the cost of a new agency to the already busted budget in the first place. Don’t we already have a Treasury Department, a Department of Commerce, Department of Justice, FBI, Federal Financial Institutions Examinations Council, Federal Mediation and Conciliation Service, Federal Trade Commission, Federal Financial Crisis Inquiry Commission, Financial Management Service, and hundreds of other federal, state and local department, agencies, commissions, boards and etc., that could already do the job and already waste enough taxpayer money? The best phrase that appears in the Constitution, and it appears frequently, is “Congress shall make no law….” As Henry David Thoreau wrote in his book, Civil Disobedience, “That government is best which governs least.” Don’t appoint anyone to run this new boondoggle, scrap the whole idea and return to the principle of Subsidiarity which governs our Constitution and our American culture.
Report Post »hauschild
Posted on July 17, 2011 at 7:55pmLove the phrase “Passed Over” ever since I watched Scent of a Woman. I’ve never heard anybody say the phrase with such melancholy as Colonel Frank Slade in the family dinner scene.
Report Post »Psychosis
Posted on July 17, 2011 at 7:51pmi would prefer we NOT keep creating more bureaucracy, so i would prefer this guy not get approval either , and while your at it , get rid of some of the other crappy programs that in effect just sidestep congress to begin with
but, this is good news as that woman has no business in that position…………….kinda like obama the fraud has no business running a lemonade stand, much less the government
Report Post »Marylou7
Posted on July 17, 2011 at 8:02pmAgree with you totally, you said it all.
Report Post »turkey13
Posted on July 17, 2011 at 8:11pmHey, those kids in Georgia did not fill out and pay for there Federal permits or county and city taxes and permits for their lemonade stand. If they let kids get away with this just imagine what the adults will do. Do not forget we owe 14.5 trillion dollars and its going up by the minuit.
Report Post »drattastic
Posted on July 17, 2011 at 7:49pmSimple, if obama is for it then I’m against it.
Report Post »LiberalMarine
Posted on July 17, 2011 at 8:02pmThat’s helpful
Report Post »therealconservative
Posted on July 17, 2011 at 8:48pmDRATTASTIC: You are dead on.
Liberalmarine: I’ve never meet a liberal jarhead, could you be a troll. Just so you know, I’m from PLT1053 MCRD SD (1980)
Report Post »sissykatz
Posted on July 17, 2011 at 8:49pmDrattastic
Report Post »I think that is a really good principle to live by. We know if he is for it, it will be detrimental to our best interest. If he chooses anyone we know they will feel the same way he does so just don’t approve him
in the beginning. Personally I would like to get rid of most of the Alphabets.IRS, Dept. of Ed. FEC TSA FCC, I can’t even think of them all but most all we do not need.The Government is literally about 10 times the size it needs to be.
therealconservative
Posted on July 17, 2011 at 8:54pmDRATTASTIC: You are dead on.
Liberalmarine: I have never met a liberal jarhead, could you be a troll. Just so you know, PLT 1053 MCRD SD 1980.
Report Post »MartyTr
Posted on July 18, 2011 at 3:04amConstitution or communism.
Report Post »Snowleopard {gallery of cat folks}
Posted on July 17, 2011 at 7:48pmWatch the other hand from his deceptiveness Mr Obama, he will find some position for her, mostly as another czar or such over the exact same position as she has been denied the nomination for.
Report Post »http://artinphoenix.com/gallery/grimm (new art added)
100 Million Patriots Standing
Posted on July 17, 2011 at 7:46pmThink social justice and how does this advance the Obama agenda….save the cash and eliminate that bureau. It must have evil intentions against our liberty or Obama would not want it.
Report Post »NancyBee
Posted on July 18, 2011 at 12:56amYou got that right!
Report Post »BIGJAYINPA
Posted on July 17, 2011 at 7:46pmOh goody, just what we need. Another layer of government ‘crats to oversee and complicate our lives. When are we going to rise up and say “ENOUGH, Get off our backs and out of our lives!!!” The problem is not the toad selected to run this totally unecessary agency, it is the fact that the agency exists at all. Leave me alone, get out of my life!! If DC and all of it’s intrusive alphabet agencies ceased to exist tomorrow I would be partying for days!!! If anyone is looking for a place to park an excess nuke warhead may I suggest the center of the Mall at 11:30 AM on a Weds in September…..Just sayin’
Report Post »Wolf
Posted on July 17, 2011 at 7:43pmOh, boy! Just what we need- another government office to take more of our money. Who are they trying to kid- politicians or libs? “…to restrict unfair, deceptive or abusive credit practices, promote financial education, and investigate consumer complaints…” Yah, sure- like that’s really going to do anything.
Report Post »Sicboy
Posted on July 17, 2011 at 7:46pmI quote ““I have strongly supported Elizabeth Warren and she would be my first choice for the position. I regret that she has fallen victim to such wholly unjustified political attacks. The President has made the second best appointment possible.” Somebody hand me a towel, thats disgusting.
Report Post »Juniemoon
Posted on July 17, 2011 at 7:39pmWe don’t need this stupid consumer bureau. Republicans stop this madness of King Osama.
Report Post »Juniemoon
Posted on July 17, 2011 at 7:38pmWhat does Soros think about this? Can he still get his grubby hands in our pockets?
Report Post »paulusmaximus
Posted on July 17, 2011 at 8:10pmYes
Report Post »dwh320
Posted on July 17, 2011 at 7:38pmObama will back door her into that office.
Report Post »Wolf
Posted on July 17, 2011 at 7:51pmHe’s probably back dooring her already.
Report Post »BIGJAYINPA
Posted on July 17, 2011 at 7:56pmTake a good look at Mooshell. Can’t blame the boy for wanting to upgrade…..Just sayin’
Report Post »cheezwhiz
Posted on July 17, 2011 at 7:56pmHe’s probably back dooring her already.
Report Post »————–
How ? Is she on the bend forward network now ?