September 17th, 2010
03:00 PM ET
12 years ago

Obama names Warren as special adviser

ALT TEXT

 President Obama appointed Elizabeth Warren to a key role crafting the consumer financial protection bureau . (PHOTO CREDIT: Erika Dimmler/CNN)


Washington (CNNMoney.com) - President Obama announced Friday that he's appointing Harvard law professor Elizabeth Warren to a key role crafting the consumer financial protection bureau that was her idea in the first place.

"Getting the agency off the ground is a task that can't wait," Obama said. Warren "is the best person to stand this agency up...it only make sense that she should be the architect," he added.

Warren, 61, said she "enthusiastically agreed" to serve as a special adviser in the Obama administration, in a blog post appearing on the White House Website."He has also asked me to take on the job to get the new CFPB (Consumer Financial Protection Bureau) started right now," Warren said. "The President and I are committed to the same vision on CFPB, and I am confident that I will have the tools I need to get the job done."

Full Story


Filed under: Elizabeth Warren • issues • President Obama
soundoff (30 Responses)
  1. Shibumi

    Another in a long line of butt ugly, libtard females (or male. It's tough to distinguish).
    Remember in November.

    September 17, 2010 03:06 pm at 3:06 pm |
  2. nw1000

    Great. Another pointy-head from Harvard with no experience doing anything outside the classroom. No wonder we are in the shape we are in.

    September 17, 2010 03:06 pm at 3:06 pm |
  3. JLA

    This is great. She will be very tough on Wall Street. Big business is very tough on President Obama and is always complaining about him because they know he will get tough on their shenanigans as he should. Go Obama administration! Stand up against big business and Wall Street and for working American families!

    September 17, 2010 03:09 pm at 3:09 pm |
  4. NVa Native

    Now let's watch the psychos heads expolde. What fun!

    September 17, 2010 03:09 pm at 3:09 pm |
  5. AB Baltimore MD

    Wow!! Another mark of Obama success!! The establishment of a consumer protection bureau and the appointment of the brainchild of this bureau to run it. This is great. Now the American people will have economic protection from greedy wall street operators and profiteers. GO OBAMA!!

    September 17, 2010 03:10 pm at 3:10 pm |
  6. William

    Way to go. Good job Mr President.

    September 17, 2010 03:11 pm at 3:11 pm |
  7. Chuck--Texas

    This is badly needed, and Elizabeth Warren is the right person for the job.

    September 17, 2010 03:12 pm at 3:12 pm |
  8. Skeptic

    Just another far left loon from the Alinsky/Piven era. Funny how he bypassed the confirmation process. New she never had a chance. just another opportunity to grow Goverment and waste tax payer money. Why dont you just get out now and go back to that community organiser job you little man

    September 17, 2010 03:12 pm at 3:12 pm |
  9. jim

    This must be another one of those private sector jobs that Obama has talked about recently...........ha! ha!

    September 17, 2010 03:14 pm at 3:14 pm |
  10. Oh My Az

    This woman is going to kick butt and take names, and it's about time!

    September 17, 2010 03:18 pm at 3:18 pm |
  11. Hugo

    A two year appointment, no more, no less.

    September 17, 2010 03:21 pm at 3:21 pm |
  12. stufit

    The president and her are both committed to the same "vision" that means more destruction of our economy and higher costs and fewer options for consumers, while hard working taxpayers pay for the benefits of the dope smokers and the unions. Just like Obamacare.

    September 17, 2010 03:27 pm at 3:27 pm |
  13. Snow

    King obama went around the Senate again. If this was President Bush the liberals would be all up in arms, but the silence of the lame brained pink panty wearing press is silent along with all other liberals/progressives.

    September 17, 2010 03:28 pm at 3:28 pm |
  14. Bedtime for Obonzo

    Great. Another appointee with no experience in the private sector, just like all the rest of this administration. And apparently a large ax to grind with the financial sector.

    September 17, 2010 03:29 pm at 3:29 pm |
  15. E Russo

    Like we need another Czar.....another ruler for the fiefdom. Geesh, I can't wait til 2012 to vote this Socialist out of office.

    September 17, 2010 03:39 pm at 3:39 pm |
  16. jbNYC

    Another professor? Doesn't he know any "real" business people?
    Theory only goes so far.

    September 17, 2010 03:40 pm at 3:40 pm |
  17. Joe

    Gee, I can't wait to hear what the Republican'ts call her. Communist? Fascist? Muslim" Tax and Spend Liberal? Illegal Alien?

    September 17, 2010 03:42 pm at 3:42 pm |
  18. DMW

    The fact that some Republicans and the U.S Chamber of Commerce is complaining about Elizabeth Warren, means she is exactly the right person; because if we are for fairness to Consumers, no one should be complaining about anyone who is renowned for working on behalf of the Consumer.

    It is my hope she is also the person to run the CFPB. It was her idea to create it and she should be the first person to run it!

    September 17, 2010 03:45 pm at 3:45 pm |
  19. Steve (the real one)

    More lawyers, more Harvardians! Oh goody!

    September 17, 2010 04:08 pm at 4:08 pm |
  20. Peter s

    I hope Elizabeth Warren, will be able to wipe out greed in the wall street and give the main street a chance to pull up their boot straps!

    September 17, 2010 04:11 pm at 4:11 pm |
  21. GOP Scorched Earth Politics

    Excellent...she sounds like a real sharp mind that will fight for consumer rights and what is in the best interests of the people, not special interests fat cats. Maybe John Boehner can learn a thing or 2 from her, instead of handing out checks on the House floor from his smoking lobbyist pals, or drinking gin & tonics with his other Big $ cronies.

    September 17, 2010 04:11 pm at 4:11 pm |
  22. Billy Bob Ex-Pub

    It is about time!

    September 17, 2010 04:19 pm at 4:19 pm |
  23. Dutch/Bad Newz, VA

    She shouldn't just be the architect, she should have sole dominion over the agency. There's a new sheriff in town.

    September 17, 2010 04:20 pm at 4:20 pm |
  24. Cal Jack

    Will someone ask Ms. Warren what happened to her proposal get get a specific accounting of who received TARP funds ? Sellout ?

    September 17, 2010 04:22 pm at 4:22 pm |
  25. Adalbert

    An excellent selection Mr. President. Dr Warren is the do nothing party's nightmare.

    September 17, 2010 04:24 pm at 4:24 pm |
1 2