A Petition in Support of Elizabeth Warren as Director of Bureau of Consumer Financial Protection

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.

warrenWhereas:

  • 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.

And, whereas:

  • We need a strong director of the Bureau of Consumer Financial Protection;
  • 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 need.

Now, therefore:

  • We call on President Obama to appoint Professor Elizabeth Warren to become the first Director of the Bureau of Consumer Financial Protection;
  • 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.
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