America needs Elizabeth Warren at Consumer Financial Protection Bureau

  • Elizabeth Warren, a Leo Gottlieb Professor of Law at Harvard Law School and who is setting up the CFPB, spoke at Elijah Cummings' town hall meeting.
Elizabeth Warren, a Leo Gottlieb Professor of Law at Harvard… (Baltimore Sun photo by Gene…)
July 07, 2011

Eileen Ambrose's article about Elizabeth Warren ("Consumer advocate feared by financial institutions appears in Baltimore," July 3) faithfully captured the confidence placed in her by average Americans. If we are to avoid a repeat of the recent economic recession caused by criminal fraud perpetrated by Wall Street manipulators and big banks, we need an effective Consumer Financial Protection Bureau headed by Elizabeth Warren. President Obama must draw a line in the sand and not allow dangerous elements in the Congress to derail her appointment.

Opponents in the Congress are not protecting the interests of their constituents but rather are shielding large banks and corporate interests that represent their main financial contributors and who are interested in continuing predatory investment and lending practices.

Jack Kinstlinger, Baltimore

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