From ABC News. (H/T Verum Serum)
Excerpt:
President Obama will announce this week that Elizabeth Warren, the Harvard Law School professor who first proposed the Consumer Financial Protection Bureau, will be named to a special position reporting to both him and to the Treasury Department and tasked with heading the effort to get the new federal agency standing, a knowledgeable Democrat told ABC News.
Warren currently chairs the Congressional Oversight Panel of the Troubled Assets Relief Program and has been seen by many on the Left as a force for greater accountability and transparency, and a check against the forces in the Obama administration more closely allied with the financial sector. Many officials in that sector eye her warily as too anti-business…
Naming Warren as an assistant or counselor to both the president and Treasury Secretary Tim Geithner would allow the president to bypass a Senate confirmation process that could prove lengthy and contentious.
Morgen writes:
The official White House announcement tomorrow will no doubt emphasize Warren’s role in originating the idea for this agency, and her impressive academic credentials. (Credential number one – she’s a “dear friend” of Obama’s dating back to law school.)
But expect there to be major fireworks over this appointment. Just how anti-business is Warren? Here is only a preview, from her blog on TPM in 2005 (emphasis added):
The middle class is being carved up as the main dish in a corporate feast. Strugging with flat incomes and rising costs for housing, health care, transportation, child care and taxes (yes, taxes), these folks are under a lot of financial strain. And big corporate interests, led by the consumer finance industry, are devouring families and spitting out the bones.
Well, I think it’s safe to say she isn’t a fan of this particular industry, if not corporations in general. But with the Consumer Financial Protection Agency charged with regulating everything from mortgages to credit cards, and the companies who market them, you would think it would be helpful to have someone with at least a semblance of impartiality heading it up.
Apparently the White House disagrees.
This is why corporations aren’t hiring. They’re waiting for anti-business Obama to get voted out in 2012.
WINTERY KNIGHT 
I watched an interview with Elizabeth Warren last night and have been reading about her since her name started appearing in the news. I’m perplexed at your calling her antibusiness. We have referees on every sports field–no one calls them anti-sports! Where would we be without them? Ultimate fighting, that’s where.
Warren is a consumer advocate. That doesn’t make her anti-business, it makes her pro transparent business. Wintery, you’re a consumer. Aren’t you in favor of banking regulations that don’t obscure mountains of anti-consumer provisions in pages of 6 point type? What about transparency in lending. Have you never had a mortgage or credit card? I write for the financial industry and make most of my income from them. But they, like every other business that takes in billions of dollars, need watching so they don’t repeat the fraudulent (yes, fraudulent) practices that caused the meltdown we’ve all been suffering from these last couple of years.
Yes, banks (and all businesses) need regulating. Just like sports.
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When evaluating people for elections or for appointments, you want to look solely and entirely at their voting record, their actions, their writings and their legislative priorities.
The country made a mistake by electing Obama based solely on his skin color and his vague, happy-clappy speeches. Now we are paying the price in trillion-dollar annual deficits and massive job losses. Everything Obama stood for was clear from his voting record. The man is a radical extremist to the left of Hillary Clinton and John Kerry. He appointed radicals like Van Jones (government control of energy sector), John Holdren (forced abortions, mass sterilizations, world police force), Anita Dunn (Mao Zedong, who killed 45 million people is her hero), and Kevin Jennings (young children should be exposed to g@y p0rn), etc. to key positions. Warren is no different. The fact that he bypassed the Senate hearing that would have brought out all her insanity is telling. You can’t learn anything about a person from what they say on a TV interview or in a prepared speech. Politicians will say anything. Democrats regularly vote like Mao Zedong in Washington, then run as Ronald Reagan at home.
Barack Obama is basically Reverend Wright and Bill Ayers on the inside. That is who he is.
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So what’s your take on regulating the financial industry?
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