Geithner admits he’s opposing Warren because she’s really good

Treasury Secretary Tim Geithner, in his infinite wisdom, is reportedly opposing the nomination of Harvard Law Professor Elizabeth Warren to the new head the new Consumer Financial Protection Bureau. Besides literally inventing the idea of the CFPB, she is also the chair of the Congressional Oversight Panel, which oversees TARP, and presides over hearings where she routinely embarrasses Geithner with her aggressive and probing questions.  She is the “individual who has demonstrated more wisdom, prescience and integrity on economic issues than almost anyone in Washington,” says Glenn Greenwald.

So why does Geithner oppose her nomination?

Warren’s persistent oversight is part of the reason for Geithner’s opposition, according to the source.

So he’s opposing her nomination to the agency in charge of overseeing consumer protections because she is too good at oversight. And people wonder why the economy is not back on track yet.