Colbert: Sir, why do you liberals love Elizabeth Warren so much? Besides the fact that she's a damn fine looking woman. You'd agree with me there wouldn't you?

Frank: Well, yes, but you do realize that that would not be my motivation. The fact is, she's important because she would be a great administrator of that agency which she helped create. She is an extraordinarily zealous pragmatist. She has a dedication to a set of issues and a great way of accomplishing them -- and I think we need more examples of that.

Colbert: Well, then why has the White House so far not heeded your call? I mean why would Senator Dodd say that she may not be confirmable?

Frank: The argument that you could easily be confirmed in the Senate--I don't think that's an argument in favor of you.