Tim Geithner Backtracks on Elizabeth Warren

Less than a week ago, reports were that Tim Geithner opposed Elizabeth Warren to head financial reform's new consumer protection agency. Now word is out that he's all for it:

U.S. Treasury Secretary Timothy Geithner said on Wednesday that Elizabeth Warren has the credentials needed to head the new Bureau of Consumer Protection set up as part of a landmark financial reform overhaul.

In an interview on PBS' "Charlie Rose Show," Geithner was asked whether Warren was Treasury's top candidate for the consumer watchdog post but said it was President Barack Obama's decision to make.

"Let me just say she is an incredibly capable, effective advocate for reform," Geithner said. Treasury has denied rumors of conflict between Geithner and Warren, a Harvard law professor who heads a congressional panel overseeing the 2008 bank bailout program and who has sharply criticized banks.

Then again that doesn't sound like anything but a half-assed through-the-teeth endorsement to me. Either he is really that easily flip-flopped or completely full of shit. I think a nice little mix of both.

Jr Deputy Accountant

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.


Jonah Gibson said...

...or he's found a way to contain or discredit her after the fact. I'm thinking of Brooksley Born here - rendered completely ineffectual by Fed and Treasury when she tried to regulate OTC derivatives.