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Agency s first director. democrats feared her nomination would end up being blocked by senate republicans. at the white house, mike and john, cnbc s chief washington correspondent. nice to see you guys standing next to each other. we ll give you equal time. good afternoon. mike, i know we re understanding now that the president will come about 1:55. that s the president going to say? well, he ll be appearing with elizabeth warren by his side. this is more or less her brainchild, something she advocated. she will not, you pointed, have the official title. the first official head of the financial protection board. instead a special adviser. why? it was thought by not only democrats on the hill, as you point out, but by the administration, who can do the simple math, carry the one, she would not get the votes necessary for confirmation and, of course harks been the bane of wall street, champion of the little guy. something mees been after a while. her brainchild but not walking ....