Now that the Financial Reform legislation has passed both houses of Congress and will be going into effect soon, the President has to find someone to run the new Consumer Financial Protection Bureau, and the right person is Professor Elizabeth Warren of Harvard University!
Warren has been the head of the Congressional bailout oversight panel, and has been tough on the Treasury Department on how they spent their money, and been a critic of a housing program that has not protected homeowners!
Warren has been a consumer advocate and watchdog, and a long term critic of Wall Street, which, along with Republicans, is fighting her nomination! The fact that she wants to hold Wall Street accountable is more than enough reason to appoint her to head this new consumer agency, which has been sorely needed for a long time!
This is a woman of courage and conviction, who will really be there for the American people, and hold the banking industry responsible for their reprehensible behavior which led to the Great Recession we are suffering through now for two and a half years!
If President Obama gives in to the pressure to deny her the leadership of the Consumer Financial Protection Bureau, then one will have to have doubts about his sincerity in pushing for this legislation, and progressives and liberals will have to reconsider their support of a President who caves in to pressure from the right wing! 🙁