(2010-09-18) Warren Consumer Protection Half Appointment

Fearing he wouldn't be able to get her confirmed for a real appointment, Barack Obama gave Elizabeth Warren an interim appointment to lead the new Consumer Financial Protection Bureau. Under a White House plan, Ms. Warren would become an assistant to the president and a special adviser to the Treasury secretary responsible for overseeing creation of the bureau, which was established in the sweeping financial overhaul measure signed in July.

Update: Reportedly convinced that Warren could not win Senate confirmation as the bureau's first director,[47] Obama turned to former Ohio Attorney General Richard Cordray and in January 2012, over the objections of Republican Senators, appointed Cordray to the post in a recess appointment.