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AFL-CIO plugs Warren for consumer protection chief
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07/20/10 03:03 PM ET
The nation's largest labor federation endorsed Elizabeth Warren on Tuesday to head the new consumer financial protection agency.
In a statement, the AFL-CIO said Warren was "uniquely qualified and equipped" to head the new agency, which was created by the new financial services reform bill President Obama plans to sign Wednesday. The Harvard Law School professor also originated the idea of the agency.
"We therefore strongly urge President Obama to appoint Professor Warren as Director of the new consumer protection bureau. Professor Warren's appointment would make clear that under President Obama's leadership, there truly will be accountability for Wall Street and fair treatment for the American public in the financial marketplace," the AFL-CIO statement says.
Warren also is chairwoman of the Congressional Oversight Panel, which scrutinized the government's handling of the Troubled Asset Relief Program. She was not afraid to throw a few elbows as a tough leader of the panel and she often upset Republicans and financial sector executives.
That won her fans though among liberal activists and labor unions, with some putting her on the short list for a Supreme Court nomination from President Obama.
In a statement, the AFL-CIO said Warren was "uniquely qualified and equipped" to head the new agency, which was created by the new financial services reform bill President Obama plans to sign Wednesday. The Harvard Law School professor also originated the idea of the agency.
"We therefore strongly urge President Obama to appoint Professor Warren as Director of the new consumer protection bureau. Professor Warren's appointment would make clear that under President Obama's leadership, there truly will be accountability for Wall Street and fair treatment for the American public in the financial marketplace," the AFL-CIO statement says.
Warren also is chairwoman of the Congressional Oversight Panel, which scrutinized the government's handling of the Troubled Asset Relief Program. She was not afraid to throw a few elbows as a tough leader of the panel and she often upset Republicans and financial sector executives.
That won her fans though among liberal activists and labor unions, with some putting her on the short list for a Supreme Court nomination from President Obama.
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