Washington (CNN) – President Barack Obama plans to name Elizabeth Warren as a special adviser to help set up a new consumer protection agency created under the Wall Street reform bill, according to sources who spoke on condition of not being identified by name.
A Democratic official said Wednesday that Warren's title would be Assistant to the President and Special Advisor to the Secretary of the Treasury on the Consumer Financial Protection Bureau.
In her role, Warren would report directly to Obama and to Treasury Secretary Tim Geithner while leading the administration's work in starting up the new bureau, the official said.
In addition, a senior administration official said Obama will name Warren to the advisory position this week.
The move would allow Warren to help set up the new consumer protection agency, but bypass a potentially difficult Senate confirmation battle if she were nominated to formally run the agency.
Updated 7:56 p.m.
This is great news and should help to rev up the progressive base. Warren is a great choice.
Well played, President O!
Here we go again. Does anyone doubt Obama is going about creating his "SOCIALIST UTOPIA'"? Now, he doesn't even believe that Congress has a say in the processs.He's found a way to circumvent the Senate's confirmation part. And dems call repubs extremists.
That's great... The guy is finally showing some guts and saying "NO" to the "NObstructionists!
Of course he did.
WOW ! Another socialist hand picked by the de facto president George Soros
People are fed up with Obamah's czar policies.
How can a majority be bogged down!!!!!!!!!!!!!!!!!!!!!!!!! Anyone ever ask these questions?
Advisory position? Does Obama try to allow Geithner and Summers to water down the Consumer Protection Agency?
What a joke...she is the best person for the job but no...Obama now worries about a confirmation battte? He puts all bushes cronnies to carry on appointments but no.....someone who would actually.PROTECT the public....he dances around and gives her a bogus advisory role.
They all are liars....the USA needs it's people to take the country back.
The change Obama spoke of? CHUMP CHANGE.
More backroom, covert machinations from the party of hypocrisy. They whined incessantly about Bush's recess nominations, yet here they do the same thing when one of theirs can't pass muster before the whole Senate.
Have they no shame?
The person on Main Street has an advocate and protector in Elizabeth Warren.
We can expect the party which protects corporate interests ... as opposed to those of the working American ... to condemn Ms. Warren but too bad.
All the business community says that it wants is PREDICTABILITY so that they can make business plans.
With Ms Warren, they will get it.
Barack Obama will be given a special advisory role to the President of the United States; Elizabeth Warren was CREATED for the HEAD of the NEW Consumer Protection Agency... she is the only person with the experience, brain power, backbone and integrity to assume that position!
Look out Wall Street, Banks, Credit Card Companies, Insurance Companies and all you other agencies that have been stealing from consumers; you are about to meet: TRANSPARENCY, ACCOUNTABILITY and JUSTICE!
This lady is awesome!
just wow. just wow. When does the government become for the people. This is equivalent to the fox watching the hen house
another reason to vote the democrats out in Nov. Obama nor them will listen to the majority of what people want and keep ramming stuff down our throats. I know the majority voted for Obama but if the election were held today after seeing Obama's so call change there would be another change. Change for the good.
Obama said the Senate confirmation process has been bogged down by Republican partisanship.
Translation: He knows that this pick from the far left wouldn't fly. It;s just easier in election season to blame the other party for all of your problems. But then, doesn't that make Obama the partisan one here?!?!
One of the most partisan politicians in the country (Obama) continually complains about partisan politics. 1984 has arrived, up is down, right is left and if you disagree this this guy you are a racist.
Obama is a back door President, who doesn't have the gumption to use normal procedures.
Of course he will, he is the mighty Obozo, the most corrupt, inept, incompetent president we have ever had. He was elected by lies and subterfuge and it won't stop until we are rid of this loser and all of the lying, corrupt, incompetent, union toady losers he has floating around him.
Great appointment. Ms. Warren is uniquely qualified.
However, if Obama really believed that consumer protection is
important, (Which of-course it is, specifically in banking, finance,
real-estate, accounting, etc.) he should have made the job a full cabinet job. Secretary of Consumer Protection and Information.
And, having her report to Geithner is a big mistake.
Again and again, Obama tries to do the right thing, but then does it
only by half. He must change that, or he will win slightly less than
half a precidency next time.
Again, where is Emanuel? Chicago?
The President is being presidential. Finally.
He just keeps pissing people off with his unilateral decisions and the dems can't understand why citizens call him "comrade"! Obama has no respect for the system, displays no civility in the public forum with his outrageous comments so how can one expect the rest to behave differently.