{"id":185372,"date":"2011-07-16T20:03:00","date_gmt":"2011-07-17T01:03:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/07\/16\/can-we-please-primary-the-bastard-now\/"},"modified":"2011-07-16T20:03:00","modified_gmt":"2011-07-17T01:03:00","slug":"can-we-please-primary-the-bastard-now","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2011\/07\/16\/can-we-please-primary-the-bastard-now\/","title":{"rendered":"Can We Please Primary the Bastard Now?"},"content":{"rendered":"

So it appears that Barack Obama is removing Elizabeth Warren as head of the Consumer Financial Protection Bureau<\/a>:<\/p>\n

President Barack 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.<\/p>\n

The president\u2019s choice is a person who 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\u2019s plans said.<\/p>\n

The people, who spoke on condition of anonymity because the process isn\u2019t public, didn\u2019t name Obama\u2019s choice.<\/p>\n

Elizabeth Warren, a Harvard professor, was appointed last fall by Obama to set up the consumer bureau until a director was named. Warren previously was head of the congressional watchdog panel overseeing the bank bailout. <\/p><\/blockquote>\n

And here is the kicker:<\/p>\n

Raj Date, a top deputy to Warren at the consumer bureau, was on a short list of candidates to become director \u2026\u2026\u2026<\/p>\n

\u2026\u2026\u2026He was senior vice president for corporate strategy and development at Capital One and a managing director in the financial institutions group at Deutsche Bank. During the debate over Dodd-Frank, Date headed the Cambridge Winter Center for Financial Institutions Policy, a research group he founded. <\/p><\/blockquote>\n

So he’s replacing Elizabeth Warren with a f%$#ing banker<\/b>.<\/p>\n

But in classic fashion, he’s floating out a payoff for her to keep her mouth shut until after the 2012 election, the Democratic nomination for Senate<\/a>, where she would run against Scott Brown:<\/p>\n

Elizabeth Warren\u2019s calendar sure looks like the schedule of a woman considering a Senate bid, or at least someone being courted by power players in Massachusetts and the Senate Democrats\u2019 campaign operation in Washington.<\/p>\n

In recent weeks, Warren has met in person or spoke on the phone with Democratic Senatorial Campaign Committee Chairwoman Patty Murray, David Axelrod, Sen. Charles Schumer (D-N.Y.), Sen. John Kerry (D-Mass.) and Massachusetts Democratic Reps. Barney Frank, Stephen Lynch and John Tierney. The phone call with Murray took place in early June, Roll Call has learned. Warren attended a community banking event with Tierney in the Bay State and dined with Schumer, a former DSCC chairman and an aggressive recruiter who remains involved in DSCC activities.<\/p>\n

Warren\u2019s May calendar, the most recently available public schedule, shows the Schumer dinner along with the other meetings and discussions.<\/p>\n

Given that Warren is leading the creation of a new Consumer Financial Protection Bureau, CFPB business could, of course, have been the lone agenda item during these meetings. But for a woman some national Democrats and liberal activists are hoping will take on Massachusetts Sen. Scott Brown (R) \u2014 a prime target in 2012 \u2014 her calendar alludes that she has at least been examining the possibility of a run.<\/p><\/blockquote>\n

So he’s putting her up to run against Scott Brown, which is a win-win for Obama.<\/p>\n

Basically, she’s about the only person who appears to have a possibility to beat him right now, though it’s a tough row to hoe, because Brown is the consummate politician, and she isn’t.<\/p>\n

If she wins, it’s easier to hold onto the Senate, and she gets buried as a low seniority Senator, where the old boys’ network keeps her far away from any meaningful banking regulation<\/p>\n

If she loses, then no one could have won, and he keeps her inconvenient truths out of the press until his reelection.<\/p>\n","protected":false},"excerpt":{"rendered":"

So it appears that Barack Obama is removing Elizabeth Warren as head of the Consumer Financial Protection Bureau: President Barack 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\u2019s choice is a person who already works …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1142,998,970,1000,1004,985],"tags":[],"class_list":["post-185372","post","type-post","status-publish","format-standard","hentry","category-barack-obama","category-congress","category-corruption","category-elections","category-finance","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/185372"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=185372"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/185372\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=185372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=185372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=185372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}