bobbyw24
03-01-2011, 01:47 PM
WASHINGTON -- A top Republican broke with what he called "conventional wisdom" Tuesday morning, saying that consumer watchdog Elizabeth Warren is "very persuasive" and may be confirmed by the Senate to head the new Consumer Financial Protection Bureau.
In an interview with CNBC, House Financial Services Committee Chairman Spencer Bachus (R-Ala.) expressed skepticism about the new CFPB and consumer protection regulation in general. Early in the segment, he said he didn't think Warren, currently in charge of setting up the nascent CFPB, could win Senate confirmation as its director. Asked again, however, Bachus seemed to change his mind.
"The odds-on conventional wisdom is she would not, but that's up for the Senate. And they would have hearings, and she would be in -- she's a very persuasive individual and she -- she may -- the Senate may approve her nomination," Bachus said
http://www.huffingtonpost.com/2011/03/01/elizabeth-warren-cfpb-senate-approval_n_829704.html
In an interview with CNBC, House Financial Services Committee Chairman Spencer Bachus (R-Ala.) expressed skepticism about the new CFPB and consumer protection regulation in general. Early in the segment, he said he didn't think Warren, currently in charge of setting up the nascent CFPB, could win Senate confirmation as its director. Asked again, however, Bachus seemed to change his mind.
"The odds-on conventional wisdom is she would not, but that's up for the Senate. And they would have hearings, and she would be in -- she's a very persuasive individual and she -- she may -- the Senate may approve her nomination," Bachus said
http://www.huffingtonpost.com/2011/03/01/elizabeth-warren-cfpb-senate-approval_n_829704.html