Jul 22, 2010

"Barack Obama promised enormous change in how our government was run when he was elected president.

He should live up to his word and nominate Elizabeth Warren, one of this country's most passionate and committed consumer advocates, to head up the new Consumer Financial Protection Bureau, which is authorized in the Wall Street reform bill that he signed into law on Wednesday.

The bureau, which will be housed within the Federal Reserve, will have the authority to regulate and analyze consumer financial products such as mortgages, other types of loans and credit cards. A special unit will be created to sound the alarm early if companies or products pose a risk to consumers."

Click to go to the Washington Post website and read the entire opinion.