Nearly all signs point to Elizabeth Warren not getting the nod from Obama to head up the newly created consumer financial protection bureau.
It appears that the White House and Senate Democrats simply don’t have the stomach for a fight over this position, and they anticipate — probably correctly — that picking Warren would spark a fight.
Warren would be a fine candidate for the job, but she’s not the only person with real teeth who could do the job. So the issue isn’t whether it’s going to be Warren or not, but does the White House put a serious, vigorous regulator in the post. What’s less clear is whether any legitimate candidate would spark the kind of fight Democrats are looking to avoid.
