Senator Elizabeth Warren released the following statement following the Senate confirmation of Jack Lew as Secretary of the Treasury:
"I am very hopeful that Jack Lew will make a good Treasury Secretary and was pleased to vote for his confirmation. As a former Treasury official, however, I believe it will be critical for him to bring on board people with a variety of backgrounds as he builds his team and helps select other regulators - people with a wide range of housing, consumer advocacy, and market experience. The Administration still has work to do to fix the housing market and reduce the risk of future crises, and I do not believe that putting Wall Street executives in key assistant secretary and regulatory positions is a cure-all for our problems. Wall Street voices add value and expertise - internally and when they are listened to from the outside - but so do others."