Sen. Bernie Sanders sent a letter to
President Barack Obama, urging him to appoint Elizabeth Warren as the
first director of the new Bureau of Consumer Financial Protection,
created under the Wall Street reform legislation passed by Congress.
- Doubts about Wall Street and its practices are extremely deep;
- Many Americans believe that we have not acted as aggressively and
rapidly as we might have in limiting Wall Street recklessness and greed;
- American consumers need a federal government that is looking after
their best interests;
- The creation of the Bureau of Consumer Financial Protection was a
good first step; and,
- The establishment of this agency is not enough.
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- We need a strong director of the Bureau of Consumer Financial
- We need a director who will put consumers first, one who is not
afraid to take on big banks and financial institutions if and when they
seek profits at the expense of consumers; and,
- We need a director who will help convince the many millions of
Americans who currently do not trust government that we are serious in
standing up to Wall Street and providing the consumer protection they
- We call on President Obama to appoint Professor Elizabeth Warren to
become the first Director of the Bureau of Consumer Financial
- We know that Professor Warren has a proven track-record as a smart
and tough consumer advocate;
- We know that Professor Warren is a champion of open, honest and
responsive government; and,
- We believe no one in our nation could do a better job as director
of this new agency.