"This is, in fact, the czar of all czars," he said. In a statement, the senator objected to Obama's end-run around the Senate:
"It is a key responsibility of the U.S. Senate… to advise and consent and one that I believe was not meant to be abdicated by the Executive Branch's use of appointments. I strongly believe the intent of the Dodd-Frank legislation was to have the head of this bureau go through the nomination, vetting and confirmation process."
But it isn't just process that's upsetting Corker. He'd likely oppose any nominee who wasn't a lapdog for the financial industry. Warren, who will have broad powers to ban dangerous lending practices and to force banks to speak to consumers in plain English, is utterly fearless. As the New York Times wrote in urging her appointment, she is the perfect choice to direct this agency precisely because the banks are against her.