WASHINGTON--President Obama found a way Wednesday night to sidestep a Senate confirmation blockade and install Elizabeth Warren to launch the newly created Consumer Financial Protection Bureau. Warren was the first to suggest that consumers needed a government watchdog to prevent financial institutions from exploiting and tricking their customers. HOPE SHE WORKS ON TRANSLATING the small print INTO PLAIN ENGLISH.
From a Democratic official: " President Obama is appointing Elizabeth Warren to be an Assistant to the President and Special Advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau. In this role, Ms. Warren will report directly to the President and to Secretary Geithner and lead the Administration's work in standing up the CFPB, a task that was assigned to the Treasury in the Wall Street Reform Act."