Here is the Obama speech video from Fri. Sept 17, 2010. President Barack Obama announces the appointment of Elizabeth Warren as Assistant to the President and Special Adviser to the Secretary of the Treasury on the Consumer Financial Protection Bureau in a statement to the press at the White House Rose Garden. Speech time is 1:30 p.m. ET. Watch live stream video below. Thereafter check back for the full replay video, transcript text and photos.
UPDATE: Video and transcript are below.
Article continues below.
The appointment of Harvard Law School Professor Elizabeth Warren to create the Consumer Financial Protection Bureau (CFPB) — part of the Wall Street reform legislation — does not require Senate confirmation, as she will not be a bureau chief. As the Washington Post notes, this imposes some limitation on her powers; she will not be a part of the new Financial Stability Oversight Council, and she will not represent the CFPB on the board of the Federal Deposit Insurance Corp.
In prepared remarks released to the press, President Obama will say of the new bureau:
“It will reinforce the new credit card law we passed banning unfair rate hikes, and ensure that folks aren’t unwittingly caught by overdraft fees when they sign up for a checking account. It will give students who take out college loans clear information and make sure lenders don’t cheat the system.
“And it will ensure that every American receives a free credit score if they are denied a loan or insurance because of that score. Basically, the Consumer Financial Protection Bureau will be a watchdog for the American consumer, charged with enforcing the toughest financial protections in history.”
See also Elizabeth Warren’s post on the Official White House Blog: Fighting to Protect Consumers
Today’s complete itinerary is here: President Obama official schedule and guidance, Sept. 17, 2010.
- Obama Speech Video Sept. 16, 2010 Statement on Educate to Innovate Initiative Expansion
- Obama Speech Video Sept. 15, 2010: Statement on the Economy
Obama Speech to Students Video, Transcript: Sept. 14, 2010 2nd Annual Presidential Back to School Address
- Obama Kalamazoo Central High School Graduation Speech Video: 2010 Commencement Address in Michigan 6-7-10
- Obama School Speech Video, Transcript 9-8-09: Presidential Address to School-Children
- Obama West Point Commencement Address 2010 Video, Graduation Speech Transcript, Photos 5-22-10
- Obama Fairfax, Virginia Speech Video: Sept. 13, 2010 Address on the Economy
- Obama Laborfest Speech Video: Sept. 6, 2010 Labor Day Address in Milwaukee, Wisconsin
- Obama Detroit Speech Video: Address at Chrysler and General Motors 7-30-10
- Obama Holland, Michigan Speech Video: Address at Compact Power, Inc. 7-15-10
- Obama Kansas City Speech Video: Address in Missouri at Smith Electric Vehicles 7-8-10
- Obama Wisconsin Speech Video, Town Hall Meeting in Racine 6-30-10
- Obama Columbus Speech Video Address in Ohio, Recovery Summer Campaign Kickoff 6-18-10
- Obama Pittsburgh Speech Video, Address at Carnegie Mellon Univ. 6-2-10
- Obama Fremont Speech Video: Address at Solyndra, Inc. in California 5-26-10
- Obama Youngstown Speech Video: Address at V & M Star Ohio 5-18-10
- Obama Buffalo Speech Video Town Hall Meeting at Industrial Support Inc. 5-13-10
- Obama Wall Street Speech Video: Address in New York City at Cooper Union 4-22-10
- Obama State of the Union Address 2010 Video 1-27-10