Two letters to President Obama -- one from 140 professors and another from 162 former students -- have joined the calls for the appointment of Elizabeth Warren as the first director of the Bureau of Consumer Financial Protection.
The academics' letter highlights Warren's "broad, and perhaps unique, perspective on why effective consumer protection is essential for the safety and soundness of the financial system and the health of the American economy."
It continues:
In both her scholarship and her public service, Professor Warren draws her conclusions from careful analysis of data. She listens carefully to alternate hypotheses and she is responsive to criticism. She speaks plainly and honestly. She owes no allegiance to the financial services industry or other special interest groups.
Professor Warren’s integrity and genuine concern for the plight of ordinary American families are sorely needed in Washington. We believe that Elizabeth Warren is the ideal choice to head the Bureau of Consumer Financial Protection.
Read the academics' whole letter here and the students' whole letter here.
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