Bad News: Warren Out As Consumer Head. Good News: She Might Be Running For The Senate!

I think we all knew she wasn't going to get it -- but we're not sure why: President Barack Obama has chosen a candidate other than Elizabeth Warren as director of the new Consumer Financial Protection Bureau, according to a person briefed

I think we all knew she wasn't going to get it -- but we're not sure why:

[Multi-millionaire] President Barack Obama has chosen a candidate other than Elizabeth Warren [net worth: priceless!] as director of the new Consumer Financial Protection Bureau, according to a person briefed on the matter.

The president’s choice is a person who already works at the consumer agency, the person said today. Obama may make the nomination as soon as next week, another person briefed on the administration’s plans said.

The people, who spoke on condition of anonymity because the process isn’t public, didn’t give the name of the choice.

Elizabeth Warren, a Harvard professor, was appointed last fall by Obama to set up the consumer bureau until a director was named. Warren previously was head of the congressional watchdog panel overseeing the bank bailout.

I'm kind of hoping this was the deal Obama made with her instead of that appointment:

Elizabeth Warren’s calendar sure looks like the schedule of a woman considering a Senate bid, or at least someone being courted by power players in Massachusetts and the Senate Democrats’ campaign operation in Washington.

In recent weeks, Warren has met in person or spoke on the phone with Democratic Senatorial Campaign Committee Chairwoman Patty Murray, David Axelrod, Sen. Charles Schumer (D-N.Y.), Sen. John Kerry (D-Mass.) and Massachusetts Democratic Reps. Barney Frank, Stephen Lynch and John Tierney. The phone call with Murray took place in early June, Roll Call has learned.

Warren attended a community banking event with Tierney in the Bay State and dined with Schumer, a former DSCC chairman and an aggressive recruiter who remains involved in DSCC activities.
Warren’s May calendar, the most recently available public schedule, shows the Schumer dinner along with the other meetings and discussions.

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