Treasury Secretary Timothy Geithner opposes TARP overseer Elizabeth Warren as head of the newly created consumer protection agency, according to a Huffington Post report. Warren is widely seen as the front-runner to lead the agency, and has the backing of progressives. But:
It's no secret the watchdog and the Treasury Secretary have had a tenuous relationship. Geithner's critics have enjoyed watching Warren question him during his four appearances before her panel. Her tough, probing questions on the Wall Street bailout and his role in it — often delivered with a smile — are featured on YouTube. One video is headlined "Elizabeth Warren Makes Timmy Geithner Squirm."
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Obama's top economic adviser, Lawrence Summers, is also said to have a strained relationship with Warren, though his stance on her nomination is not known.
Democrats in Congress have been among her most enthusiastic supporters. House Financial Services Chairman Barney Frank is one of many influential members who hope she'll get the nod.
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