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Click here to visit the new home of Politics Daily!WASHINGTON (Sept. 17) -- In a poke in the eye to the financial community, President Barack Obama on Friday named Elizabeth Warren, an aggressive consumer advocate and Wall Street adversary, to oversee creation of a new agency to regulate banks, lenders and credit card companies. Sidestepping a Senate confirmation fight - for now - Obama stopped short of nominating Warren to actually head the new Bureau of Consumer Financial Protection. Instead, his action will let the Harvard Law School professor and expert on bankruptcy move quickly to shape the bureau. Senate Republicans view her as too ...
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Is Treasury Secretary Timothy Geithner, the onetime president of the New York Federal Reserve, trying to freeze out Elizabeth Warren, the most popular and effective economic populist in Democratic circles? No sooner had President Obama and his congressional Democrats achieved victory in passing Wall Street reform legislation last week when an internal catfight broke out over who would lead the new Bureau of Consumer Financial Protection created by the bill. The Wall Street reform package is a mixed bag. Former Labor Secretary Robert Reich calls it "a mountain of legislative paper, a molehill ...
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