Sidestepping a potentially difficult confirmation process, President Obama tomorrow is expected to name Harvard Law Professor Elizabeth Warren to be a special adviser to him and Treasury Secretary Tim Geithner.
Her primary job will be to oversee the creation of the Consumer Financial Protection Bureau, which was created in the financial regulatory overhaul that Obama signed into law in July.
Warren, a strong critic of the practices of some large banks and other financial institutions, came up with the idea for the agency, which will have wide-ranging responsibility to write and enforce regulations.
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