This week is the culmination of two years of hard battles. The President put the Consumer Financial Protection Bureau in his first outline of financial regulatory reform, and he never wavered in his support for it. As a result, the agency has stepped out in the right direction.
If you're following the story of whether President Obama will nominate Elizabeth Warren to head the Consumer Financial Protection Bureau, you've probably heard that Republicans found a way to block even a recess appointment. It turns out that's mistaken.
Today, many for-profit colleges have picked up where the subprime lenders left off. They are using the same promise of the American dream as bait to trap vulnerable students into underperforming schools and saddling them with a lifetime of debt.
Will the president name the indisputably best leader -- Elizabeth Warren -- to head the Consumer Financial Protection Bureau, the agency that she conceived, championed and constructed? This is not a high bar. In fact, the choice couldn't be easier.
Pressure is growing for the president to make a "recess appointment" of Elizabeth Warren to head the Consumer Financial Protection Bureau. This would make sense politically, but what matters a lot more is that it would also be an excellent move for the country.