The Last Word | March 12, 2013
In Warren's Court
Most Republican senators do not like the Consumer Protection Bureau and they did not want Elizabeth Warren on the Senate Banking Committee. On Tuesday, Senator Warren vocally criticized Republican Obstruction.
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This content comes from Closed Captioning that was broadcast along with this program.
>>> 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.