DEADLY CLEAR – THIS MAKES ME SICK!
Obama Bows to Pressure, Passes Over Warren
By Jim Kuhnhenn, Associated Press
17 July 11
Obama picks former Ohio AG Cordray to lead consumer agency; GOP set to oppose.
Reigniting a partisan fight over banking regulations, President Barack Obama intends to nominate former Ohio Attorney General Richard Cordray to lead a consumer protection bureau that was a central feature of a law overhauling the rules that govern the financial sector.
Obama plans to announce the nomination formally on Monday, the White House said Sunday. Republicans immediately threatened to block Cordray’s Senate confirmation.
In choosing Cordray, Obama bypassed Elizabeth Warren, a favorite of consumer groups, who has been assembling the agency as a special adviser to the White House and to Treasury Secretary Timothy Geithner. [MORE]
Bloomberg is reporting that President Obama has eliminated Elizabeth Warren as a candidate to head the Consumer Financial Protection Bureau. The story has not been confirmed by the White House. The sources are “persons” and the information at this writing has not been verified. Due to the gravity of the confirmation decision, and our readers’ interest in the story, we have decided to publish the article while we wait for further confirmation. — CW/RSN
resident Barack Obama has chosen a candidate other than Elizabeth Warren as director of the new Consumer Financial Protection Bureau, according to a person briefed on the matter. 
Deadly Clear 