Pressure mounts for 'Sheriff' Elizabeth Warren, says Zelizer





Pressure continues to mount on President Obama to select Elizabeth Warren as the nation's first consumer financial protection regulator.

Warren, 61, has become something of a cause célèbre as the administration's top pick to run the new agency charged with protecting consumers from abusive mortgage and credit card practices....

"The administration is hesitating because they're faced with the traditional problem that Obama has faced," said Julian Zelizer, a professor of history and public affairs at Princeton University.

If the White House passes Warren over, Zelizer says, they disappoint liberals whose support has been key throughout the administration. If Warren gets the nod, the White House must deal with "political difficulties on Capitol Hill where centrists have quite a lot of power and Republicans are becoming quite obstinate," Zelizer said.

Warren teaches contract and bankruptcy law as a Harvard University professor and she's also written a number of personal finance books. More publicly, she chairs a congressional oversight panel that has garnered attention for its critical reviews of government spending to bail out Wall Street banks under the Troubled Asset Relief Program....



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