The Last Word | March 12, 2013
>>> republicans hate the consumer financial protection bureau. i mean, protecting consumers, what kind of socialist would want to do that. of course, republicans hate the bureau the obama administration created to protect consumers from abuse by financial institutions . republicans refused to confirm the president's first fully qualified choice to lead the bureau, elizabeth warren , and now 43 republican senators are pledging to block confirmation of richard cordray , unless democrats agree to dramatically cut the agency's authority. today, he had his confirmation hearing in front of the senate banking committee , including its new member, the now senior senator from massachusetts, elizabeth warren .
>> i think the delay in getting him confirmed is bad for consumers, it's bad for small banks, it's bad for credit unions , it's bad for anyone trying to offer an honest product in an honest market. the american people deserve a congress that worries less about helping big banks and more about helping regular people who've been cheated on mortgages, on credit cards , on student loans, on credit reports . i hope you get confirmed. you have earned it, director cordray.