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(UPDATED): Geithner Denies Report That He Opposes Elizabeth Warren for Consumer Protection Agency

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Update:

Treasury's "new media" folks are pushing back against this report, via email:

I read your post this morning on Shahien’s piece in the Huffington Post and wanted to make sure you saw this comment from Andrew Williams, Deputy Assistant Secretary for Public Affairs:

“Elizabeth Warren has been a driving force behind the creation of the consumer financial protection bureau, and we have worked very closely with her over the past year and a half to make that idea a reality.

“Given her strong leadership on consumer protection, Secretary Geithner believes that Elizabeth Warren is exceptionally well qualified to lead the new bureau, and, ultimately, that’s a decision the President will have to make.”

***Original Post ***

Shahien Nasiripour at the  Huffington Post reports ...

Treasury Secretary Timothy Geithner has expressed opposition to the possible nomination of Elizabeth Warren to head the Consumer Financial Protection Bureau, according to a source with knowledge of Geithner's views.

The financial reform bill passed by the Senate on Thursday mandates the creation of a new federal entity charged with protecting consumers from predatory lenders.

But if Geithner has his way, the most prominent advocate for creating the agency may not be picked to lead it.

You can sign a petition to "Let Elizabeth Warren Police Wall Street" here.

Warren, a  professor at Harvard Law School whose  2007 journal article advocating the creation of such an agency inspired policymakers to enact it into law, has rocketed to prominence since the onset of the financial crisis as one of the leading reform advocates fighting on behalf of American taxpayers.

Warren has been an aggressive proponent for the bureau in public and behind the scenes, working regularly with President Barack Obama's top advisers and the Democratic leadership in Congress.

As different as two economic thinkers can be. But if the story is true, Geithner's opposition may also be motivated to some degree by this classic moment: Warren making Geithner squirm when he testified before her committee ( via):

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