Obama placates lefties, appoints Elizabeth Warren to finance post

The move, first reported by ABC News’ Jake Tapper, gives Warren an important role in creation of the bureau, but avoids, for now, a confirmation fight in the Senate. Her selection will appease a slew of prominent lawmakers, progressives, and labor unions who in recent months have clamored for her nomination to the post…

“Elizabeth, I think, can be a terrific nominee. The question is, ‘Is she confirmable?'” Dodd said in an interview on National Public Radio in July. “And I think there’s a serious question about it.”

In recent weeks, though, Warren met with President Obama on several occasions and it started to appear increasingly likely that she would indeed be given the chance to form the consumer protection bureau.