Read time: 1 minute

Treasury Secretary Tim Geithner Opposes Naming Elizabeth Warren To Head New Consumer Agency

UPDATE: First Geithner's assistant, and then Geithner himself deny this story. (Sort of.) He stops short of endorsing Warren but says she's well-q

UPDATE: First Geithner's assistant, and then Geithner himself deny this story. (Sort of.) He stops short of endorsing Warren but says she's well-qualified.

I'm sure y'all are as shocked as I am that Tiny Tim doesn't want Elizabeth Warren actually in charge of protecting consumers - since she might, you know, actually do her job!

I actually think putting Warren in a more prominent role would be a very smart political move. You want someone this smart, this credible and this tenacious on behalf of consumers as a prominent face of the administration. You never know, some of her credibility might even rub off:

Treasury Secretary Timothy Geithner has expressed opposition to the possible nomination of Elizabeth Warren to head the Consumer Financial Protection Bureau, according to a source with knowledge of Geithner's views.

The financial reform bill passed by the Senate on Thursday mandates the creation of a new federal entity charged with protecting consumers from predatory lenders.

But if Geithner has his way, the most prominent advocate for creating the agency may not be picked to lead it.

Warren, a professor at Harvard Law School whose 2007 journal article advocating the creation of such an agency inspired policymakers to enact it into law, has rocketed to prominence since the onset of the financial crisis as one of the leading reform advocates fighting on behalf of American taxpayers.

Can you help us out?

For 17 years we have been exposing Washington lies and untangling media deceit, but now Facebook is drowning us in an ocean of right wing lies. Please give a one-time or recurring donation, or buy a year's subscription for an ad-free experience. Thank you.

More C&L Coverage

Discussion

New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.

Please Do Not Use the Login Link at the Top of the Site.

In order to comment you must use an Insticator account. To register an account, enter your comment and click the post button. A dialog will then appear allowing you create your account.

We will be retiring our Crooks and Liars user account system in January, 2021.

Thank you.
C&L Team