{"id":6463,"date":"2011-12-08T00:00:54","date_gmt":"2011-12-08T08:00:54","guid":{"rendered":"http:\/\/www.politicsplus.org\/blog\/2011\/12\/08\/republicans-vow-to-block-cordray\/"},"modified":"2011-12-08T00:00:54","modified_gmt":"2011-12-08T08:00:54","slug":"republicans-vow-to-block-cordray","status":"publish","type":"post","link":"https:\/\/www.politicsplus.org\/blog\/2011\/12\/08\/republicans-vow-to-block-cordray\/","title":{"rendered":"Republicans Vow to Block Cordray"},"content":{"rendered":"

When Elizabeth Warren withdrew her name from consideration for Director of the Consumer Financial Protection Board (CFPB), due to the certainty of Republican obstruction, she recommended Richard Cordray, and Obama followed her good advice.  Now Republicans have vowed to block Cordray as well.  The reason is that Republicans do not want consumers protected from abuse by Big Finance.  They side with the predators, and they are doing all they can to preserve the status quo that caused the Republican Recession, but enriched the 1%.<\/font><\/p>\n

\n

\"8Cordray\"Senate Republicans on Wednesday showed no signs of backing down from their threatened filibuster of President Barack Obama\u2019s nominee to head a new financial watchdog agency, even as Democrats framed the fight as a stark choice between Wall Street and Main Street<\/strong>.<\/p>\n

\u201cWall Street has a legion of lobbyists protecting its interests. We need someone who can protect Main Street\u2019s interest,\u201d said New Jersey Sen. Bob Menendez, who joined other Democratic members of the Senate Banking Committee at a news conference. \u201cAnd that\u2019s what Richard Cordray would be as the director of the Consumer Financial Protection Bureau.<\/p>\n

Cordray\u2019s nomination is destined to fail in the Senate on Thursday<\/strong>, with Republicans nearly united in their opposition to the former Democratic Ohio attorney general. Massachusetts Sen. Scott Brown is the only Republican who\u2019s publicly backed the nomination, saying Cordray should be confirmed with a simple majority, not the 60-vote threshold the GOP has insisted on to avert a filibuster.<\/p>\n

Republicans\u2019 message to Cordray: Don\u2019t take it personal. They just don\u2019t want anyone heading the agency until its powers are rolled back<\/strong>\u2026 [emphasis added<\/em>]<\/p>\n<\/blockquote>\n

Inserted from <Politico<\/a>><\/p>\n

Rachel Maddow covered the story with Gene Sperling, Director of the National Economic Council.<\/font><\/p>\n

<\/embed><\/object><\/font><\/p>\n

Visit msnbc.com for breaking news<\/a>, world news<\/a>, and news about the economy<\/a><\/p>\n

The single best thing about Dodd-Frank was the creation of Elizabeth Warren\u2019s CFPB.  Democrats are backing your interests, by trying to appoint a strong consumer advocate.  Republicans are backing the corporate criminals that brought us ninja loans.<\/font><\/p>\n

Every Republican in office is one Republican too many! <\/font><\/h4>\n","protected":false},"excerpt":{"rendered":"

When Elizabeth Warren withdrew her name from consideration for Director of the Consumer Financial Protection Board (CFPB), due to the certainty of Republican obstruction, she recommended Richard Cordray, and Obama followed her good advice.  Now Republicans have vowed to block Cordray as well.  The reason is that Republicans do not want consumers protected from abuse […]<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-6463","post","type-post","status-publish","format-standard","hentry","category-politics","category-5-id","post-seq-1","post-parity-odd","meta-position-corners","fix"],"_links":{"self":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/6463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/comments?post=6463"}],"version-history":[{"count":0,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/posts\/6463\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/media?parent=6463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/categories?post=6463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.politicsplus.org\/blog\/wp-json\/wp\/v2\/tags?post=6463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}