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Obama to Appoint Cordray Consumer Watchdog Chief
President Obama will use a recess appointment to name Richard Cordray head of the Consumer Financial Protection Bureau, the Associated Press (AP) reports this morning. Cordray’s nomination has been blocked by Senate Republicans who want to gut the agency that was created by 2010’s Wall Street reform legislation.
Cordray is just one of hundreds of nominees Republican senators have bottled up and they have vowed to block any nomination to the National Labor Relations Board (NLRB), which now has just two members and cannot issue most decisions, according to a 2010 U.S. Supreme Court ruling. The AP reports Obama is expected to name other recess appointments later today. Read more here.
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12 Comments
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http://www.fas.org/sgp/crs/misc/RL33310.pdf
Why not bush did it 171 times.
Those were recess appointments. The Senate was not in recess on January 3. Only one Senate Democrat, out of 51 asked, told The Daily Caller that President Barack Obama was correct when he claimed the Senate was in recess on that day. http://dailycaller.com/
But Bush never appointed a left wing radical like this Cordray. This guy is like a typical commie czar.
And Swearto is like the typical commie infiltrator spy!
From the Senate historian’s office, Ronald Reagan holds the record with 243 appointments.
The Constitution authorized recess appointments so presidents could fill key vacancies during long periods of congressional inactivity, which was the norm in early U.S. history.
swearto…, you and your insulting remarks are not helping this nation. President Obama had no choice and he owes no apologies to anyone, lest of all, YOU! The problem with our nation is that Bush didn’t appoint any left wings to his cabinet!! If he had, they would have stopped him from making all the unwise decisons he made during his administration!!
This may be the post for Cordray. We really didn’t have anyone
watching out for the consumer. The banks are allowed to pull all
kinds of crap and get away with it. So too the mortgage companies
causing all sorts of mayhem and profitting off unethical behavior.
If Cordray lives up to his appointment that will be a start. There
is a lot of house cleaning needed across the board.
A 1998 report by Jack Blum, a Washington lawyer, estimated that at least $70 billion in US taxes is evaded annually through offshore accounts.1
(Sounds like swearto’s friends – the 1%) Maybe we need a “left wing radical” for a change!!!
1.Source:page 31 “Everything you know is wrong” published by MJF Books.
Rich Cordray went after the mngt, when NOBODY else would at Stark Ceramics in Canton, Ohio, when the thieves running that co. actually stole workers health care money, 401 savings, & other negotiated benefits. We had two workers, wives, go in to get medical treatment for cancer, only to be told that they didn’t have coverage. When they went to mngt, the thieves gave them back their premium, but, of course, these folks still had no health care. Even in this type of blatant outrage, only three years later, after fighting and fighting and fighting, after Cordray was elected, did someone (Cordray) go after them.
Cordray won a record settlement for Ohioans from the banks, who’d lied, stolen folks $ for homes and were foreclosing on them illegally.
As one who suffered through a “bankruptcy” at Republic Steel (RTI–in Lorain/Canton/Massillon, Ohio), seeing the co. shut down for one day, then reopen as a “new company” and having Bush’s PBGC head steal the pensions we’re worked our entire lives to earn, I know Richard Cordray. Here Rich and Sherrod Brown (Ohio Senator) ahve helped us greatly. The right wing Republicans ALL screwed us horribly. Our communities were raped, leaving epidemics of health problems, and retiree’s health care was stolen. Community tax bases were destroyed, and we had 5 suicides at our local in Lorain. Meanwhile, Bush’s PBGC gave $11 to the top co. officials as “retention bonuses.”
I KNOW what its like to be thrown out into the cold without anything by corporate thieves. I’ve seen up close what they did to our communities, all only to enrich themselves while stealing what hard-working families had worked their entire lives to earn. It THAT tough, difficult situation, RICHARD CORDRAY stood up & fought for us. Because of the fight he, Sherrod and a couple others (Kucinich, Betty Sutton) have done to help us in our ongoing fight for justice, we’ve gotten some of our pensions back, although little. Cordray is beloved by Ohio’s hard-working, hard-hit working families. Not for some abstract ideology, but because of what he did for us in difficult times.
And now that stinking little SCAB Swearto comes on here and calls him names. God, I cannot begin to tell anyone here just how much I would dearly love to have that stinking piece of crap, Swearto—that corporate whore, come to my state, among REAL hard-working union folks & said what he is so willing to say here in the anonymous blog! He, and his blood-sucking corporate bosses, do nothing but spray misery, disgust and hopelessness, living like parasites off the sweat and blood of real hard working Americans!
Cordray will do a wonderful job fighting for and protecting American consumers as head of the new Consumer Protection Agency, (which Republicans, Swearto and his corporate masters hated, like they have Social Security)!
bruceb: Sadly swearto would like Stark Ceramics, Republic Steel etc. get as many tax breaks as possible as his sense of what is proper while the rest of in the middle make up the difference.
Sorry, just a quick correction—-
bush’s PBGC gave the top co. officials $11 MILLION from our pension, NOT only $11.
Why not appoint Rich Cordray to head the FTC? That is a consumer protection agency that is up and running. He could update that in less time with less work!
“The Federal Trade Commission (FTC) is an independent agency of the United States government, established in 1914 by the Federal Trade Commission Act. Its principal mission is the promotion of consumer protection and the elimination and prevention of what regulators perceive to be harmfully anti-competitive business practices, such as coercive monopoly.”