EMAIL DETAILS

Senator to replace Warren as head of TARP watchdog
Related stories
AIG unveils government exit plan (2:51p)
Ineffective TARP limits future options, panel says (Sept. 16)
Boehner proposes budget-cutting rules (3:47p)
Warren set to lead consumer watchdog (Sept. 17)
STORYCOMMENTS SCREENER (12)
AlertEmailPrintShareBy Ronald D. Orol
WASHINGTON (MarketWatch) - Outgoing Senator Ted Kaufman of Delaware will replace Harvard Law School professor Elizabeth Warren on the congressional watchdog panel for the $700 billion Troubled Asset Relief Program, according to a statement from the senator's office on Thursday. Kaufman, a long-time top aide to Vice President Joe Biden and a prominent figure in the Obama-Biden transition to the White House, was appointed by Senate Majority Leader Harry Reid to be a member of the Congressional Oversight Panel. Kaufman replaced Biden in the Senate when the Delaware lawmaker became vice president. The Obama administration appointed Warren to help set up a new Consumer Financial Protection Bureau, which will write rules for mortgages and other consumer credit products. The COP will oversee TARP until its statutory authority expires on April 3, 2011. Kaufman spokeswoman Amy Dudley said the COP appointment is effective immediately


Eric D. Schwerin
Rosemont Seneca Partners, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
eschwerin@rosemontseneca.com
P Consider the environment before printing this email.