Warren's Book Portrays Tense Meeting With Obama Over CFPB Nod (updated)
Last edited Wed Apr 16, 2014, 07:09 PM - Edit history (1)
Sen. Elizabeth Warren (D-MA) got into a tense exchange with President Barack Obama when the president asked her to help set up the Consumer Financial Protection Bureau alongside then-Treasury Secretary Timothy Geithner, a longtime rival who did not support Warren's nomination to run the organization.
"You're jamming me, Elizabeth," Obama said, as recounted in Warren's new memoir, "A Fighting Chance." Excerpts of the book were reported by The Boston Globe on Wednesday. Obama had asked to meet with Warren privately in September 2010.
Warren at first said she did not want to help set up the agency in a conversation that she describes as lasting over an hour -- interrupted twice by aides who reminded Obama he had other meetings.
"He urged me not to overplay my hand," Warren wrote in the new book. "Got it."
"Sometimes you have to trust the president," Obama said in the meeting. "Let me work this out."
Obama won out in the end and Warren agreed to help.
"All right," Warren said, according to the book. "I'll trust you on this."
- more -
http://talkingpointsmemo.com/livewire/elizabeth-warren-obama-tense-memoir-a-fighting-chance
So much for the claim that Warren wanted the job. President Obama had to beg her to take it.
Updated to add:
When she finally accepted the president’s request, the task before her felt massive. The creation of the consumer bureau faced fierce backlash from Republicans lawmakers and the financial services industry, which was armed with lobbyists dispatched all over Capitol Hill.
The job also required her to report directly to then-Treasury Secretary Tim Geithner. Warren and Geithner hadn’t always seen eye to eye on issues – “He and I just didn’t see banking the same way” – and she had reservations about how they would work together.
But Warren says Geithner not only publicly backed her against attacks, he also defended her in private...When another publication ran a story the next day titled, “Are Treasury’s Knives Coming Out Against Elizabeth Warren?” detailing a series of leaks from Treasury that had come out since Warren had arrived, Geithner reached out to her.
“He was direct: I’m sorry about the story about painting your office,” Warren writes. “He told me there would never be another nasty leak about me while I was trying to do my job.”
Warren says she doesn’t know what Geithner did, but the leaks stopped.
- more -
http://www.politico.com/story/2014/04/elizabeth-warren-105766.html
http://www.warren.senate.gov/files/documents/AFR%20Roosevelt%20Institute%20Speech%202013-11-12.pdf
http://www.democraticunderground.com/10024812296
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you're welcome.
...Sure wasn't able, via his own Attorney General, to prosecute even 1 soul on Wall St for their financial malfeasance,
and appointed Wall street's own to watch over them;
Mr. Not-Corporatist" pushes for Public School privatization thru "Race To The Top" and the ongoing efforts of
Ed Sec Arnie Duncan, former fund manager;
Mr. "Not-Corporatist" may well support the Keystone Pipeline, the Koch Bros wet-dream, though
he is unable to give a straight, "no" answer, even at this late date;
Mr. "Not-Corporatist" has an active drone-assassination program, using high-tech product$ to join-in that
Corporate feeding-trough called "The War On Terror".
Mr. "Not-Corporatist" enshrined Insurance Company profits into Heritage Foundation-created ACA, and conspicuously avoided Single Payer, and even eliminated the Public Option as a part of the program.
Mr. "Not-Corporatist" continues to push for big Trade deals that favor corporate elites over everyone else.
I voted for Obama. I like the guy. I hate his hypocritical, mud-slinging opposition in the GOP.
But Pres Obama has strong Corporatist leanings, and languaging, in spite of his moderation on social issues, and soaring rhetoric about America, like right here: (watch from 10:56 to 12:41 AND 13:03 to 13:34):
If Obama is not at all a Corporatist, then he somehow still manages to make a pretty good corporate surrogate,
in a number of policy areas.
Sure wish we could get a "Not-Progressive" president cast in a similar mold.
I know I am!
I am so happy that we have her as a public servant. This OP just makes me more happy.
to Senator Warren and to President Obama!
