Welcome And A Good ------ ------ There Are Enjoying Hardcore News! ------ Thank You For Visiting The Hardcore News Web Site! ------ The Most Comprehensive Global News On The Internet! ------ Your , Area's Most Updated News In The , AND THE WORLD! ------ PLEASE NOTE: Hardcore News Is Best If Used With Firefox Or Google Chrome Gecko Type Browser: ------ Hardcore News Web Site Is Best Using A Screen Setting Of 1024 X 768 Or Higher... ------ Your Current IP Address Is From Internet Provider ... This is All We Know About You, Ever Wonder What Kind Of Information Other Web Sites Could Get From Your Computer?... PLEASE BE CAREFUL Who You Share Information With Online! ------ By submitting personal information to any U.S. website, you are consenting that your information is being maintained and or being used here in the United States, is subjected to applicable U.S. laws. Thus... U.S. law may be different than the laws of your home country. ------ Hardcore News IS SAFE! We Never Track Your Moves Or Sell Your Information. ------ The Only Bull-Sh-t On This Site Is The Propaganda! ------ Stay Informed With The Hardcore News ------ All News is AUTO-UPDATED - AUTO-GENERATED Via Keyword Search Terms And Use Of RSS Based News Feeds And Tabbed Headlines On One Page ------ News From Over 40 Reliable News Sources, Even The News Your Not Supposed To Know! ------ PROVIDING UP TO THE MINUTE NEWS With LIVE Video Feeds FROM AROUND THE WORLD! ------ OUR NEWS IS ALWAYS FRESH DIRECTLY FROM THE SOURCE! ------ Again Thank You For Visiting The Hardcore News ------ If You Like This Project And Would Like To See & Help It Grow, Please Consider Donating What Ever You Can By Secure PayPal CLICK HERE ------ Please make a gift to Hardcore News today. Your continued support will ensure that Hardcore News is here reporting THE TRUTH, for a long time to come. It's fast, easy and secure. And Thank You, ------ Only YOU Can Make This Project Worth While! ------ Again Thank You For Visiting The Hardcore News ------
Hardcore Main Stream
Top Stories

Mid East Watch

Politics

Tech News

Entertainment

Sports News


Saturday, July 16, 2011

Obama bails on Elizabeth Warren

Obama bypassing Warren for consumer bureau, officials say 
Harvard professor faced opposition from the GOP

Bloomberg News / July 16, 2011

WASHINGTON - President Obama has chosen a candidate other than Elizabeth Warren as director of the new Consumer Financial Protection Bureau, according to a person briefed on the matter.
The president’s choice already works at the consumer agency, the person said yesterday. Obama may make the nomination as soon as next week, another person briefed on the administration’s plans said.
The people, who spoke on condition of anonymity because the process is not public, did not give the name of the choice.
Last fall, Obama appointed Warren, a Harvard law professor, to set up the consumer bureau until a director was named. Warren, one of the nation’s leading experts on the effect of bankruptcy on American families, had been the architect of the bureau, one of the cornerstones of the Dodd-Frank package of Wall Street regulations following the 2008 credit meltdown.
The consumer bureau, which is to begin formal operations Thursday, was established to fill a gap in oversight of products whose abuse contributed to the crisis, including mortgages and credit cards.
Warren also served as head of the congressional watchdog panel overseeing the TARP bank bailout.
Known for a plain-spoken bluntness and relentless advocacy for consumers, Warren has become a polarizing figure, showered with accolades from groups supporting working-class families and criticism from Republicans and some Wall Street bankers.
She has been vigorously campaigning to keep the GOP-controlled House from diluting the bureau’s powers, including talking with community bankers in every state and meeting with hundreds of business and consumer representatives. Preparing for the agency’s opening, she supervised the hiring of more than 300 people.
The bureau, however, cannot write rules to govern consumer finance until a director is nominated and confirmed in the Senate.
In May, 44 Republican senators announced they would not vote to approve any candidate to run the bureau unless its management structure is changed, with some calling for a five-person commission to replace the director position.
Warren has told The New York Times that opponents are trying to stick “a knife in the ribs of the agency.’’
“The fight has now shifted. It didn’t stop, it just moved from being a fight out in the headlines, out in the middle of the street, to a fight in the back alleys,’’ she said.
Consumer bureau spokeswoman Jen Howard declined to comment on whether Warren would be bypassed. The White House did not immediately respond to a request for comment.
Raj Date, a top deputy to Warren at the consumer bureau, was on a short list of candidates to become director, a person briefed on the process said last month.

Hardcore News Is Brought To You By...

Facebook Social & Comments

Hardcore Links