Defying GOP and Eying Re-Election, Obama Makes Bold Pick of Cordray for Consumer Bureau

DemocracyNow.org — President Obama has defied Congress by installing former Ohio attorney general Richard Cordray as the country's first head of the Consumer Financial Protection Bureau, established to protect citizens against the practices of Wall Street banks and lenders. Obama's move defied Republicans, who have refused to allow Cordray's confirmation after failing to stop the bureau's creation in 2010. "The reason this has been held up had nothing to do with the qualifications of Richard Cordray ... and everything to do with Republicans' insistence on trying to destroy the agency. That insistence traces directly to the contributions and political influence of Wall Street," says Robert Weissman, president of Public Citizen, which supports Obama's appointment.

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Category:

News & Politics

Tags:

• democracy now
• dn
• headlines
• news
• politics
• amy goodman
• juan gonzalez
• public citizen
• money in politics
• get money out
• citizens united
• robert weissman
• richard cordray
• obama
• consumer
• financial
• protection
• bureau
• dodd
• frank
• elizabeth
• warren

[lordcrobar]

I can't belive people are still listening to this Sock puppet.

[landlogger]

Election hussle big time.

[TripleSpeak]

PULEEEASE. Shyster 'Bama threw Elizabeth Warren (who created this agency) overboard for someone who is just as mediocre & just as much a corporate cocksucker as he is. Let's not pretend this is "bold" unless by "bold" you mean Bold Obama Style. That is, betraying everyone & everything except for the ZioFascists who keep him & his shyster wife in lots of cash.