Alexander Statement on Appointment of Elizabeth Warren

Says Warren appointment “just another disturbing trend in this administration of creating unaccountable czars and czarinas”

Posted on September 17, 2010

WASHINGTON – Senator Lamar Alexander (R-Tenn.), chairman of the Senate Republican Conference, released the following statement on President Obama’s appointment of Elizabeth Warren to oversee the creation of the Consumer Financial Protection Bureau: 

“Appointing Elizabeth Warren to oversee this agency, even though she’s not confirmed by the Senate, is just another disturbing trend in this administration of creating unaccountable czars and czarinas.  Every administration has had a few, but none at this level, and one of the great complaints of the American people is the lack of checks and balances. 

“She represents a view, which is a view represented in the financial regulatory bill, that makes credit harder to get on Main Street, that imposes Washington decisions on local banking issues, and that would put her and the agency in charge of making millions of decisions that ought to be made by the free market or by community banks.”

###