Politics

Bill Daley is recusing himself from picking a head of consumer financial protection

Posted on Monday, April 4, 2011

Bill Daley is recusing himself from picking a head of consumer financial protection, report Brady Dennis and Zachary Goldfarb: "President Obama’s new chief of staff, former banker William M. Daley, has recused himself from the search for a nominee to lead the Consumer Financial Protection Bureau, a signature piece of the administration’s overhaul of the financial regulatory landscape. Before coming to the White House in January, Daley oversaw, among other things, J.P. Morgan Chase’s lobbying operation as the bank opposed the creation of the new watchdog. Daley was among several top executives who decided the bank would support new consumer protections but not a new regulator to enforce them...[Elizabeth] Warren has deflected inquiries about whether she hopes to get the nod, but she has not said she wouldn’t accept the role.
Ezra Klein's Wonkbook


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