August, 13 2010, 01:26pm EDT
Name Elizabeth Warren to Consumer Post
Sen. Bernie Sanders (I-Vt.) today pressed for President
Obama to name consumer advocate and Harvard Professor Elizabeth Warren to
head a new Consumer Financial Protection Bureau created by the new Wall
Street reform law.
WASHINGTON
Sen. Bernie Sanders (I-Vt.) today pressed for President
Obama to name consumer advocate and Harvard Professor Elizabeth Warren to
head a new Consumer Financial Protection Bureau created by the new Wall
Street reform law.
"Elizabeth
has played a great role in standing up to Wall Street. Given that the
outrageous greed, recklessness and illegal behavior on Wall Street caused the
horrendous recession that we are still suffering through, it is absolutely
necessary that we have a strong, smart consumer advocate who will look out
for their needs as the head of the Consumer Financial Protection
Bureau," Sanders said.
"Maybe
the biggest reason to support her is that the big banks are pulling out all
the stops to block her nomination. They are afraid of having someone looking
over their shoulder who knows the ways they rip off consumers and will make
them stop it," Sanders added.
Sanders
took note of concerns voiced by some about whether Warren could win Senate
confirmation. "She has a very good chance to be confirmed, but it is a
fight worth having. This is a debate that has to happen."
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