September 17th, 2010
06:36 PM ET
13 years ago

Elizabeth Warren says her 'nomination was on the table'

Editor's Note: John King's interview with Elizabeth Warren will air today at 7pm Eastern on CNN's John King, USA.

Washington (CNN) – Consumer advocate Elizabeth Warren, appointed today by President Obama to launch the new Consumer Financial Protection Bureau, tells CNN Chief National Correspondent John King that her "nomination was on the table" but would have meant "spending a lot of energy fighting" to get the votes necessary in the Senate to secure her nomination as the agency's first official director.

"Millions of American families are hemorrhaging money today and tomorrow and next week on tricks and traps and credit products. We can fix that. That's what this agency is about and we're not going to wait a year to get started," said the harsh critic of Wall Street.

Warren jokingly feigned innocence when asked why bankers do not like her, but admits "there are bankers sure who don't like me. Some of them haven't met me. Some of them have seen enough." But she says that there are people in the financial sector who "welcome this consumer agency, because they're going have a better shot at a competitive marketplace where they're not competing against bankers who've figured out how to make their profits on tricking people and trapping them."

Filed under: Elizabeth Warren • JKUSA
soundoff (9 Responses)
  1. GOP Scorched Earth Politics

    Obama did the right thing bypassing Senate confirmation. The GOP would have definitely stalled, played games and try to throw her under the bus to score points.

    September 17, 2010 06:39 pm at 6:39 pm |
  2. rick ct

    This "appointment" is nothing more than a sleezy bypass of the Constitution. Obummer is not above the law.

    September 17, 2010 06:41 pm at 6:41 pm |
  3. Bankers hate her; Wall Street hates her, Republicans hate her . . .

    Looks like President Obama made a pretty good appointment.

    September 17, 2010 07:16 pm at 7:16 pm |
  4. End Around

    Another end around the constitution by the master of illusions, who has no respect for the constitution whatsoever. These corrupt chicago style politics need to go

    September 17, 2010 08:58 pm at 8:58 pm |
  5. bryan

    good thing they found a way around that pesky constitution

    September 17, 2010 09:14 pm at 9:14 pm |
  6. Dave Templeton

    How absurd, a presidential label reader, just what the country needs to spend money on and as a bonus, Obama continues to "grow government" with jobs that never existed. Like a drunken sailor ..............

    September 17, 2010 09:23 pm at 9:23 pm |
  7. b. o. stinks

    I am not a banker and I dont like you

    September 17, 2010 09:53 pm at 9:53 pm |
  8. jim

    It must be nice to write your own rules for a job in effect you created. Exactly where is the government's oversight for this job?Or is Obama making up the rules as time goes by?

    September 17, 2010 10:00 pm at 10:00 pm |
  9. George of the jungle

    again Mr Obama has picked just the right person for the job. Great lady

    September 17, 2010 10:03 pm at 10:03 pm |