Rather than naming Elizabeth Warren to head the new Consumer Financial Protection Bureau, President Obama plans to name her to a new White House and Treasury advisory post, helping to set up the CFPB, Jake Tapper reports.Obama chose not to nominate Warren to head the CFPB — her idea in the first place — due to the risks of the Senate confirmation process. A single Republican Senator could have held her nomination up for months. Worse, she might not have been confirmed, leaving the consumer agency without a head after weeks of waiting.
So in essence she has a position like Dick Cheney's.
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