Shocking News

Bloomberg now reports that “President Barack Obama has chosen a candidate other than Elizabeth Warren as director of the new Consumer Financial Protection Bureau, according to a person briefed on the matter.” Warren has performed effectively and admirably while leading in the creation of the new Bureau.

As for Ms. Warren, David Dayen reports that:

…there has been substantial credible speculation that she’ll try to defeat Scott Brown in a race for Senate in Massachusetts. Over the past several weeks, she has had multiple meetings with the likes of DSCC head Patty Murray, Chuck Schumer, John Kerry and even David Axelrod, as well as a number of Congressmen from the Bay State. That is certainly suggestive that she either wants to run or those other people want her to run.

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