ABC’s Jake Tapper has a curious scoop, reporting that President Obama will name Elizabeth Warren not to run the new consumer financial protection bureau but instead will give her the previously unheralded “special position reporting to both him and to the Treasury Department and tasked with heading the effort to get the new federal agency standing.” Get that?
We’re seeking more clarification now, but it sounds like the White House has decided that instead of nominating Warren to head up the new consumer financial protection bureau, or alternatively avoiding the confirmation process and appointing her as interim director, the President will take a third way and make her a special adviser to help set the bureau up.
I tend to agree with Matt Yglesias on this: “With Warren, Obama showing real innovation in developing odd, satisfying to nobody compromises.”
