Warren takes post; liberals cheer:
"In naming Elizabeth Warren to set up a new consumer protection agency on Friday, President Obama swiftly delighted the liberal base of his party after months of disenchantment.
Warren, 61, a Harvard law professor with a long track record of consumer advocacy, will oversee all aspects of the Bureau of Consumer Financial Protection. Technically, Warren will only be an adviser, a role that does not require Senate confirmation - a maneuver that outraged Republicans, who accused Obama of creating a 'czar' position without congressional oversight..."
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