Geithner Praises Warren, Hints Support for Her to Take Consumer Protection Post
July 25, 2010 9:00 AM
Does the Treasury Secretary want one of his fiercest critics to helm the newly-created Bureau of Consumer Protection? In an interview on ABC News' This Week, he sounded like he does, but stopped short of endorsing her.
Host Jake Tapper asked Secretary of the Treasury Timothy Geithner if he supported Elizabeth Warren to head the Consumer Financial Protection Bureau.
"She is a enormously effective advocate for reform," Geithner replied. "Probably the most effective advocate for reform for consumers for consumer protection in the country."
"She has huge credibility and she played a decisive role in helping make the public case for reform and she was early on this, way ahead of everybody else," Geithner told Tapper.
But does the Treasury Secretary have concerns about a woman who has been so sharply critical of him in her role as independent supervisor of the $700 billion bank bailout?
"I don't have concerns and I should say in that context that she has been playing a very important role in providing oversight over the programs we put in place to break the back of this financial crisis. You know, put out this financial fire," he said. "Alongside a bunch of other oversight bodies, she did what she had to do in that context and it's what she should do. She should shine a very careful independent assessment on all the actions government takes to make sure...Americans know what we're doing and see the results of what we're doing and she did that very well."
WATCH VIDEO HERE:
http://blogs.abcnews.com/politicalpunch/2010/07/geithner-praises-warren-hints-support-for-her-to-take-consumer-protection-post.html