Dodd warns on recess appointment of Warren

WASHINGTON Tue Sep 14, 2010 12:13pm EDT

Chairman of the Senate Banking Committee Christopher Dodd (D-CT) speaks to the press outside the West Wing of the White House in Washington, May 21, 2010. REUTERS/Jason Reed

Chairman of the Senate Banking Committee Christopher Dodd (D-CT) speaks to the press outside the West Wing of the White House in Washington, May 21, 2010.

Credit: Reuters/Jason Reed

WASHINGTON (Reuters) - Senate Banking Committee Chairman Christopher Dodd said on Tuesday that he would not support the Obama administration using a recess appointment if it wants Elizabeth Warren to head the new consumer financial protection agency.

Dodd, who has spoken favorably of Warren's credentials but warned of a difficult confirmation process, told reporters that he has not been contacted by the White House regarding the potential nomination of Warren, a Harvard law professor who has been a watchdog over the government's bailout of the financial system.

(Reporting by Kim Dixon; Editing by Tim Dobbyn)

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Comments (1)
breezinthru wrote:
Again, we catch a glimpse of who Dodd really works for.

Senator Dodd is ostensibly concerned for the difficulties the White House might face, but as Wall Street’s mouthpiece on the hill, what he is really warning is that Wall Street will reach deep into their pockets, pulling out all of the political assets, media assets, and financial assets at their disposal to prevent Warren’s appointment.

He won’t attack her credentials, knowledge and integrity, unless the White House declines to back off.

So why would Dodd (Wall Street) be opposed to a regulator with those credentials?

They would like to see a regulator with either naivete or corruptibility, preferably both.

If Warren is appointed, the Demons of Wall Street are warning that there will be hell to pay.

Sep 15, 2010 7:55am EDT  --  Report as abuse
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