Elizabeth Warren should thank the GOP.

I have no idea whether President Obama plans to nominate Elizabeth Warren as director of the Consumer Financial Protection Bureau. If you'd asked me a year ago whether he should, I'd have probably said no, on the grounds that she was too much of a lightning rod. Better to install somebody with a lower profile who can get confirmed, I'd have argued. And, besides (as I wrote in September), she had no real management experience.

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