Rep. Barney Frank (D-Mass.) is strongly urging President Obama to name Elizabeth Warren as the first head of a consumer financial protection bureau, saying “no one can stop him” from doing so.
Liberal Democrats, labor unions and consumer advocacy groups are rallying behind Warren, who first pushed for a new regulator to oversee home loans, credit cards and other consumer products. The regulator is a centerpiece of financial legislation enacted this week.
In an interview on MSNBC, Frank defended the president against liberal criticism on a wide range of economic and healthcare issues, but leaned on Obama to nominate Warren.
“And I would say to the president, look, I sympathize with President Obama. He’s been criticized by some of my liberal friends. We didn’t get a public option and we didn’t get the other things we wanted. That wasn’t his fault,” Frank said. “The economic recovery bill, the stimulus — it wasn’t as big as it should have been. That wasn’t his fault. He couldn’t get the votes. But with regard to appointing Elizabeth Warren, that’s his decision. No one can stop him from making it. And I hope he will appoint her.”