In the most interesting political rumor of the day, the Wall Street Journal listed
Attorney General Lisa Madigan as a possible director of the new
Consumer Financial Protection Bureau, if and when Congress finally
approves the financial reform package.
If named, Madigan would
probably thrive in the roll. She's spent the bulk of her tenure as the
state's lead attorney fighting on behalf of consumers, whether those
exploited by mortgage lenders, utility companies, polluters, or low-cost lenders. Indeed, she was a high-profile advocate of creating the bureau in the first place.
But would she take the job? Back when her name came up as a potential U.S. Senate candidate, she took her name out of the running, citing family implications.
UPDATE (7/7): Madigan threw some cold water on the rumor last night, recommending Harvard Law Professor Elizabeth Warren for the post.