Obama picks consumer adviser, dodging Senate fight

President Barack Obama, accompanied by Elizabeth Warren, announces that Warren will head the Consumer Financial Protection Bureau, Friday, Sept. 17, 2010, during an event in the Rose Garden of the White House in Washington. (AP Photo/Susan Walsh)

September 17, 2010 6:43:39 PM PDT
In a poke in the eye to the financial community, President Barack Obama on Friday named Elizabeth Warren, an aggressive consumer advocate and Wall Street adversary, to oversee creation of a new agency to regulate banks, lenders and credit card companies.

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