A group of 140 law professors sent a letter to President Obama last week asking him to nominate Warren, a professor at Harvard Law School and the chairwoman of the Congressional Oversight Panel reviewing problems in the financial markets and their regulatory system. In a separate letter sent two days earlier, 162 of Warren’s former law students from Harvard, the University of Pennsylvania Law School and the University of Texas School of Law endorsed her for the post.
Some on the political right and the financial services industry oppose Warren, in part because of her tough stance on large banks and her position that they helped perpetuate the financial crisis with abusive lending practices. Pundits have said that her opponents are fearful of placing skilled crusader at the helm of the new agency.
