Obama has decided to create the Bureau of Consumer Protection

During the period from 2001 to 2009 middle-class incomes in the U.S. declined by 5%. By definition, the newspaper The Wall Street Journal, is a "lost decade" was the worst for U.S. households over the past half century. Such figures led Barack Obama, we would add that the decade "ended with a disastrous recession, further aggravating the situation."

According to ITAR-TASS, Obama argued that the middle class - the reliance of American society - in need of protection, including from the financial fraud that contributed to the origin and development crisis. Therefore, as part of an overall package of reforms on Wall Street, he decided to establish a Bureau of Consumer Protection. On Friday, the head of administration in Washington has announced that work on the actual creation of this new agency will Elizabeth Warren in the rank of assistant to the president and spetssovetnika U.S. Treasury. Permanent office director will be selected and appointed later.