President Obama Says He Really Really Likes Elizabeth Warren, But Declines To Make Her Nomination To Head CFPB Official

President Obama just said this:

The idea for this agency was Elizabeth Warren's. She's a dear friend of mine. She's somebody I've known since I was in law school. And I have been in conversations with her. She is a tremendous advocate for this idea. This is a big task standing up this entire agency. So I'll have an announcement soon about how we're going to move forward.

I have had conversations with Elizabeth over these last couple of months. But I'm not going to make an official announcement until it's ready.

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