08/18/2010 01:43 pm ET | Updated May 25, 2011

Marshall backs Warren to head Consumer Protection Agency

Wall Street is out of control, and it's about time Washington do something about it.

That's why I'm very pleased the new reform bill included the creation of an agency that will protect families and investors from fraud and scams. Elizabeth Warren has a unique perspective and unmatched experience taking on Wall Street on behalf of consumers and protecting taxpayers as chair of the Congressional Oversight Panel.

Protecting consumers and local investors has been a top priority for me as Secretary of State. My office has returned over $500 million to North Carolina investors from Wall Street banks for their fraudulent misrepresentation, and fought to protect consumers by putting Ponzi schemers behind bars and cracking down on counterfeit goods.

I know what it takes to protect consumers, and Elizabeth Warren has it.

Elizabeth is highly qualified, highly educated, and has dedicated her career to being an advocate on behalf of consumers and ordinary Americans. I strongly encourage President Obama to appoint her, and ask Senator Richard Burr to help confirm her.