Sources are reporting today that President Barack Obama will soon name Elizabeth Warren as a special adviser to the new Consumer Financial Protection Bureau. Warren, who currently chairs the Congressional Oversight Panel, which has monitored the TARP program, will not need to be confirmed by the Senate.
Sen. Bernie Sanders (I-Vt.) applauded the decision to appoint Warren to the agency.
“At a time when the working families of this country are profoundly disgusted by the greed, recklessness and illegal behavior of Wall Street, I applaud President Obama for appointing a tough and brilliant advocate to head the new Financial Consumer Protection Bureau. The American people are tired of being ripped off by large banks and financial institutions and, in Professor Warren, they finally will have someone in a position of power who can protect their interests.”