She's probably the best speaker in his entire administration. She was an open critic of TARP as one of the chief watchdogs appointed to get the program under control and she managed to turn it around, recovering about 90% of the money spent, getting results out of that money in the meantime, and tracking down the vast majority of the money shoveled out the door without restriction at the end of the Bush administration. When asked about where the money was in TARP early after she took over, she answered that she was the leading expert and even she didn't know. Then she found it and got it back.
Obama is naming her as the interim chair of the new Consumer Protection Agency, likely until after the election, when she will be replaced by someone the Obama believes the Republicans will confirm without a fight (somehow he hasn't learned that they will fight anyone Obama appoints, they don't want anyone heading the CPA).
Republicans don't want her because she is unquestionably liberal, but she is also unquestionably qualified, smart, and has great policies. So if Republicans hold up her nomination for the CPA, let her go on TV and plead her case before the upcoming election. With her speaking on free national media (she's a great interviewee and would be given the chance to speak as often as she asks), it would be hard for anyone to oppose her in an election cycle.
I had wanted her to be appointed Secretary of the Treasury (I don't like Geitner, another candidate Obama appointed because it was supposed to be an easy confirmation, and of course it wasn't that easy a confirmation). But at least CPA would be a place she could do some real good.
My second choice is Mark Green, an excellent public advocate as well (former Public Advocate of New York and runner up to Andrew Cuomo for the AG). But he doesn't have half her credentials. He'd be great as her deputy.

