The Senate blocked confirmation on Thursday of Richard Cordray, the former Ohio attorney general picked by President Obama to lead the new Consumer Financial Protection Agency.
Democrats fell short of the 60 votes they needed in a procedural vote to move forward with the nomination of Cordray. Senate Republicans had spoken against the nomination, reflecting their concerns about the creation of the bureau, which was established in last year's Wall Street reform bill. msnbc
Thursday, December 08, 2011
Senate Republicans Block Obama's Nominee for Consumer Financial Protection Agency
Just more of the usual from the republicans, who don't want a Consumer Financial Protection Agency at all. Republicans will continue to fight for anything that doesn't favor business.
Posted by Olga at 8:33 AM