http://tpmdc.talkingpointsmemo.com/2010/07/barney-frank-presses-obama-to-appoint-elizabeth-warren-to-head-consumer-bureau.php?ref=fpbThe Democrats' top point man on Wall Street reform is pressing President Obama -- hard -- to appoint Elizabeth Warren to head the newly-created Consumer Financial Protection Bureau. In an appearance on MSNBC, House Financial Services Committee Chairman Barney Frank threw his full support to Warren and warned Obama that, unlike other disappointments, he'd be held directly accountable if the nomination goes to somebody else.
"It is essential to the bill and very, very important that Elizabeth Warren be appointed
," Frank said.
I would say to the President, I sympathize with President Obama," Frank added. "He's been criticized by some of my liberal friends. We didn't get a public option and other things we wanted. That wasn't his fault. 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. With regard to appointing Elizabeth Warren, that's his decision. No one can stop him from making it. I hope he will appoint her.
Emphasis ours.
The technocratic critique of Warren is that she may not have sufficient management experience to run a major new bureaucracy. Frank sought to downplay those concerns.
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