For once, Republican hostage-taking may have backfired.
Earlier this month, 44 Republican Senators pledged to filibuster the nomination of anyone to head the Consumer Financial Protection Bureau unless the agency itself is significantly weakened.
This threat makes it much more likely that President Obama will have to use his constitutional authority to make a recess appointment to fill the top slot at the agency.
A number of great progressive groups and leading academics have signed the letter to President Obama supporting a recess appointment.
The letter reads:
Elizabeth Warren has proven that she is willing to stand up to Wall Street on behalf of consumers.
Warren conceived the Consumer Financial Protection Bureau in response to the extraordinary abuses by Wall Street over the last decade that victimized consumers and nearly collapsed our economy. She has set up the new bureau with competence and dignity — and is the single best choice to permanently lead it.
When Republican senators threatened to oppose any consumer protection nomination unless the bureau was made less effective, Rep. Barney Frank rightly called this “the worst abuse of the confirmation process I’ve ever seen” and added, “What it clearly says is that the president will have to make a recess appointment.”
We agree. You did Americans proud by appointing Elizabeth Warren to set up this new Wall Street accountability bureau, Americans need her to lead it, and we urge you to give her a recess appointment.
Now we want to help build even more momentum by asking hundreds of thousands of activists to join us in signing this letter.
Stand up for Elizabeth Warren by co-signing the letter to President Obama at the link below.