If Treasury is indeed behind the Date hit-piece, there could be no real question about Geithner’s machinations. Trash-talking Warren, her top advisers and the CFPB itself would be an unmistakable effort to compromise the entire enterprise. If it worked, Geithner could deny Warren the formal nomination as CFPB director, Warren would go the way of Brooksley Born, and less consumer-friendly officials could quietly crush the young agency.
If Treasury is indeed sabotaging Warren's efforts at the CFPB, it is a bad sign for those of us that believe we need real reform in our Financial Systems. Watch out for news about this in the days and weeks to come.