Watch Elizabeth Warren here, on CNN in May, and then read the story in the NY Times today reporting that she has been passed over for the job of leading the newly created Consumer Financial Protection Agency. The President threw her under the bus because she became a GOP target for her outspoken criticism of the financial industry. The former Attorney General of Ohio is the nominee.
But Alabama Senator Richard Shelby is still unhappy:
President Obama waited until the last possible moment to act. For months he has ignored Republican concerns about the lack of accountability at the CFPB and its potential adverse effect on the economy"
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