Politics

A True Victory for America?s Middle Class

By Speaker Pelosi

President Obama?s appointment of Elizabeth Warren to oversee the creation of the Consumer Financial Protection Bureau is a true victory for America?s middle class and one of the strongest statements we can make that Wall Street abuses will no longer be allowed to jeopardize our financial security.

In enacting the Wall Street Reform and Consumer Protection Act this year, Democrats in Congress took the lead in creating the Consumer Financial Protection Bureau to ensure tough oversight, transparency, and accountability for our financial system, and to make common sense reforms to the way Wall Street does business. The vast majority of Congressional Republicans voted to protect Wall Street and against the middle class.

We will continue to stand with consumers and the middle class and we will keep moving our country forward to greater economic security for all Americans.

Full post as published by The Gavel on September 17, 2010 (boomark / email).