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07:21 AM on 07/19/2011
This will help with Obama trying to find jobs.
More attacks on business by a guy who never worked a real job in his life.
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HUFFPOST SUPER USER
bryan broome
Hope and Change - If you like it, you can keep it.
07:31 AM on 07/19/2011
"He's not an ideological consumer protector, in the sense that he doesn't think all banks are bad, and he doesn't think that all financial products are bad."

Not to worry. He is only going after the corrupt money grubbers.
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satanlite
Liberal blogger
07:32 AM on 07/19/2011
You oughtta know.
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SemperVeritas
Truth be told
08:00 AM on 07/19/2011
I get the feeling that our neighbor UpNorthGuyWI
watches Fox News.

We better watch him closely, don't you think?
07:20 AM on 07/19/2011
Am sure both warren and codray will work together..Am sure they will be bouncing off ideas from each other..I dont mind this appointment at least this guy has been in the thick of things and knows the ins and outs of financial shanigngans..He knows where the skeletons are..
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CPNASH
07:18 AM on 07/19/2011
Spin...They're obviously more afraid of Elizabeth than Richard.
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filo
We're all Bozos on this bus.
07:32 AM on 07/19/2011
They are afraid of any intelligent women.

That also explains why Bachmann is running.
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MrGovtCheese
We don need no stink'n badges ...
07:40 AM on 07/19/2011
It may be the other way around when it comes to enforcement. Elizabeth warren is great on policy but this guy has been in the trenches. He comes off like an Elliot Ness type.

"Cordray....got national attention for his hard-line stance in the mortgage crisis that exploded last autumn. He was one of the first attorneys general to act in an investigation that soon involved the top legal enforcers from all 50 states, in addition to a collection of federal agencies."

"He also took on the giant insurer AIG, accusing it of fraud, and he sued the major ratings agencies, saying they bestowed top ratings on securities doomed to fail. All told, he has won settlements worth more than $2 billion."

"Cordray is also a five-time winner of the game show "Jeopardy!" and those who know him say his memorization skills are impressive."
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Skygazer
USA needs fiber optic Internet for one and all, vi
08:24 AM on 07/19/2011
Sounds perfect.

If there's one thing the Right and the Tea Taliban need is someone with a good memory to remind them of the outrageous irresponsibility, greeed and ruinious practices of the financial sector, which is, yet even now exacting a brutal effect on the economy and people's lives.
07:12 AM on 07/19/2011
"He'll be their worst nightmare..." Good, because this batch of Republican obstructionists are certainly becoming the nation's worst nightmare.
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bettybp
we're old too soon & wise too late
07:48 AM on 07/19/2011
Truth, F/F
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SemperVeritas
Truth be told
08:01 AM on 07/19/2011
Now if we could only find someone who would be
the Republican congressmen's worst nightmare.........
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Skygazer
USA needs fiber optic Internet for one and all, vi
07:04 AM on 07/19/2011
Mind-bogglingly, the GOP thinks they have still have a shred of credibility when it comes to matters of understanding the needs of and caring for the well being of consumers. The talking-point is they don't want to limit "consumer-choice."

"Consumer-choice," being their euphemism for consumer manipulation and abuse.

Even if it means the banks and Wall Street can begin the schemes again to destroy the economy, and destroy lives.

The mortgage, credit-card and derivatives scandals somehow never really occured for these folks. It's almost as if Obama righting the economy from all that rot, has become grist for their mill...

Shameless...shameless...absolutely...F'n...shameless....
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satanlite
Liberal blogger
07:33 AM on 07/19/2011
lol... just like "good business climate=abusive employee environment". Dont'cha love those conservative euphamisms?
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Skygazer
USA needs fiber optic Internet for one and all, vi
08:30 AM on 07/19/2011
Yeah, and pro-labor = anti-business, anti-taxpayer and socialist (and possibly pro-terrorist).

Faux, amongst others, has done it's job exceedingly and supremely well.

But there's an accounting coming...right here in River City etc..
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Needawinner
Bon Vivant and BMF
07:02 AM on 07/19/2011
This is the krapp they gotta stop---they are like oil companies

http://www.startribune.com/business/51360167.html
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DoctorGreeves
Leading-link suspension
07:02 AM on 07/19/2011
Like many Liberals I'm disappointed that Mrs. Warren didn't get the nod. Mr. Cordray sounds like a good man. Let's just hope he'll do more -- if confirmed -- than "write letters to big banks."
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filo
We're all Bozos on this bus.
07:35 AM on 07/19/2011
I hear you Doc.

There is a "Draft Warren" for Senator movement going on. If she does run Scott Brown can kiss his seat goodbye.
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SemperVeritas
Truth be told
08:03 AM on 07/19/2011
How can we duplicate Dr Warren for every
Senate seat in the Nation?

Yes, including those seats currently held by
corporatist Democrats.
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Needawinner
Bon Vivant and BMF
06:59 AM on 07/19/2011
I was undecided, but I like what I read about this guy. Go get 'em
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liberalhammer
Never trust a republican
06:57 AM on 07/19/2011
I love conservatives, they are so cute. They think there is a free market that regulates itself. They are like children who believe in Santa.
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mootown
Respect my existence or expect my resistance
07:17 AM on 07/19/2011
Actually, the Republican strategy, long term, is the Two Santa Claus Theory. It has been very effective. Google it.
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Arashi
comfort the afflicted; afflict the comfortable
07:21 AM on 07/19/2011
Thanks Moo, for the "least one thing" I'll learn today. #344
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LinusNC
I think, therefore I am, a liberal
07:31 AM on 07/19/2011
Thanks Moo, so true!
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johnjohn4321
We all win when we ALL win.
06:50 AM on 07/19/2011
I guess we can assume the R's will filibuster his appointment.
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Needawinner
Bon Vivant and BMF
06:58 AM on 07/19/2011
they wouyld filibuster Atilla the Hun or our last VP if it was Obama's nomination.
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filo
We're all Bozos on this bus.
07:24 AM on 07/19/2011
Time for a recess appointment.
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Donns
06:49 AM on 07/19/2011
One little statement in this story bothers me. "When people do wrong they should be spanked"
You see, Mr President, a whole lot of us think that when these people do wrong they should be prosecuted, not spanked or have their wrists tapped lightly.
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06:57 AM on 07/19/2011
Why haven't the Republicans insisted that the DOJ bring the Bankers and Wall Street to
justice?

They have a voice, use it, or is it just easier to blame Obama...
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LiberalBuzz
Voting republican is voting against America.
07:24 AM on 07/19/2011
Easier to blame Obama and besides to Rs Wall Street hasn't done anything wrong.
07:44 AM on 07/19/2011
It was a figure of speech...
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cmr11
how do you want it
06:30 AM on 07/19/2011
he will have top prove himself to me like mrs warren did. i wanted her in that job....... not somebody else. i understand massachusetts wants her but i think she would have better served the country and it's people in this job.
07:50 AM on 07/19/2011
President Obama cannot force Congress to approve her nomination. The republicans have already stated that they would use procedural maneuvers to block any recess appointments. And as long as republicans continue to obstruct, no one will get the job. They don't want the CFPB to exist at all, so they are in no rush to approve anyone.

Obama could have continued pushing the Warren nomination, but frankly that would have tied up Warren's time and wouldn't have resulted in her getting the job anyway. He would just be selfishly wasting her time on a matter of principle. Moving on allows Warren to move on and continue her fight for consumer financial protection elsewhere. Perhaps as a Senator.
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cmr11
how do you want it
08:10 AM on 07/19/2011
recess appointments..... it's the only way he will get anybody placed in a job... they won't approve anybody for him. there is no need wasting time with them approving anybody.
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ClintBMD
Now where did I leave that Micro-bio again?
06:21 AM on 07/19/2011
Elizabeth Warren gave him high praise. Kudos to the president for nominating someone who will (apparently) take the job seriously and yet avoiding the circus that would have rolled into town had he put Ms. Warren in the position.
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06:18 AM on 07/19/2011
An ambulance chaser by any other name.
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07:02 AM on 07/19/2011
Really, lol
06:17 AM on 07/19/2011
He will have to prove it, because he will always be compared to Liz.