Raskin, Granholm eyed for consumer agency: source

[The Straight Story]

Raskin, Granholm eyed for consumer agency: source

WASHINGTON — The White House is considering Federal Reserve Governor Sarah Raskin and former Michigan Gov. Jennifer Granholm to head a new agency charged with protecting consumers of financial products, a source aware of the process said on Tuesday.

Raskin, who was recently named by President Barack Obama to a seat on the Fed's board, is viewed as readily able to win the needed Senate confirmation to the office, which was created by legislation that overhauled U.S. financial regulation.

Raskin, a former state regulator and former staffer on the Senate Banking Committee, is also seen by the White House as a candidate that would be acceptable to the financial services industry, the source added.

The source did not say whether other candidates in addition to Raskin and Granholm were under consideration.

http://www.msnbc.msn.com/id/35624500

[annabanana]

1. "acceptable to the financial services industry"?!??

Why the bloody hell would that be considered a criterion?

[northoftheborder]

2. Because that is the criterion for the position. Hadn't you heard?

The Banksters must be happy. They hate Elizabeth Warren, because she is fair to her clients, the consumers. She will be marginalized.

[EC]

4. for Senate confirmation. n/t

[DJ13]

3. Appointing another political hack, why am I no longer surprised?

[blue_onyx]

5. I'm pretty sure Granholm...

has no interest in the position. She has already said her plans for the year are set.