As part of an ongoing effort to avert the unpleasantness created by the United States’ system of checks and balances, the Obama administration will make Elizabeth Warren an assistant to the president. From that vantage, the bespectacled consumer advocate will oversee the establishment of the Consumer Financial Protection Bureau, a key part of the Dodd-Frank financial reform law signed in July.
In a story that somewhat corroborates an earlier report by Bloomberg, The New York Times and ABC are saying that the “assistant to the president” role is one held by other high-powered officials like Chief of Staff Rahm Emmanuel. In addition to Obama, Warren will report to Treasury Secretary Tim Geithner, The Times says.
The administration wants to basically give Warren an internship instead of an outright nomination because Congress could easily stymie her confirmation and thus prevent the Protection Bureau from actually trying to protect consumers any time soon.
As for how well Warren will enjoy working for Geithner, here are some videos of their past interactions.