Congresswoman Waters Reacts to William Daley's Appointment as White House Chief of Staff

Congresswoman Maxine Waters (D-CA) issued the following statement after President Obama named former Commerce Secretary William Daley as White House Chief of Staff:

"I congratulate William Daley and wish him success in his new job as White House chief of staff.   He was regarded as an effective and successful Secretary of Commerce during the Clinton Administration, helping usher in an era of job creation and prosperity for Americans.  Most recently, he worked for almost seven years as a senior executive at JP Morgan Chase under CEO James "Jamie" Dimon. Like many leaders in the financial services industry, Mr. Daley opposed the establishment of the Consumer Financial Protection Bureau, which I vigorously supported as part of the historic Wall Street reform legislation Congress passed last year. I hope that in his new role Mr. Daley realizes the value of the Consumer Financial Protection Bureau and understands that Americans need this Bureau to protect them from unscrupulous lending practices and help keep them in their homes. I stand ready to work with President Obama and all of the Administration to work on behalf of America's homeowners and consumers, particularly those who continue to be impacted by the economic collapse wrought by predatory practices on Wall Street."

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