It's gone, surgically removed by specialists from the Republican congressional ranks. Now Obama has lost all chance of ever being able not to roll over on command.
Elizabeth Warren is out. The best possible candidate for director of the Consumer Financial Protection Bureau has been passed over by Obama and it's no secret why. The corporate lobbyists who call the shots with Republican legislators wanted Warren trashed at any cost. As instructed, Republicans fiercely opposed Warren's nomination. Obama rolled over. End of story.
The agency, with Warren at the helm, was expected to tightly regulate the student loans, mortgage lending and credit card industry. With no director - and there isn't one on the horizon - the CFPB can regulate nothing.