President Obama, sometimes criticized for an excess of coolness, had something close to an “I feel your pain” moment Friday — and that pain was caused in no small part by his personal credit card use.
The moment came as he announced he had appointed Elizabeth Warren as a special Treasury adviser, a role in which she will shepherd into existence a new federal consumer watchdog agency.
Are congratulations in order?
Consumer groups are applauding the news that Harvard University law professor Elizabeth Warren may soon take over the early development of the new Consumer Financial Protection Bureau.
It isn’t official yet and the whole thing seems like a kind of back door way to get Warren into a position to run the consumer financial agency — or influence its early startup.