Not Gonna Happen……

Now that financial reform is due to become law, the word is that gadfly for the common folk Elizabeth Warren is the most likely candidate to head up the Consumer Financial Protection Bureau (CPFB, it was originally going to be a full agency called the CPFB).

This is not going to happen.

The Obama administration, particularly Timothy "The Bankers' Bitch" Geithner, hate her.

She has embarrassed then by publicly reporting on how the TARP has been too easy on big banks, she has embarrassed them by advocating for real reform, and she has embarrassed them by lobbying aggressively for the CPFAB, which the Obama administration does not really want as a meaningful entity, because they actually believe the talking points from the finance industry about the need for "innovation".

I should note that Something Awful is reporting that Ben Nelson asked for, and got, a veto on the head of the CPFB in exchange for his vote on financial reform, and that Nelson has flatly stated that Warren is not acceptable.

Honestly, I can see members of the protesting Nelson's as vehemently as Br'er Rabbit asked not to be thrown into the briar patch.