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Defying GOP and Eying Re-Election, Obama Makes Bold Recess Pick of Cordray for Consumer Bureau (2)

Thursday, 05 January 2012 08:40 By Juan González and Amy Goodman, Truthout | Video

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. And 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.

Click here to view transcript.

Amy Goodman

Amy Goodman is the host and executive producer of Democracy Now!, a national, daily, independent, award-winning news program airing on over 1,100 public television and radio stations worldwide. Time Magazine named Democracy Now! its "Pick of the Podcasts," along with NBC's Meet the Press.

Juan González

Juan González co-host's Democracy Now! with Amy Goodman. González has been a professional journalist for more than 30 years and a staff columnist at the New York Daily News since 1987. He is a two-time recipient of the George Polk Award.


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Defying GOP and Eying Re-Election, Obama Makes Bold Recess Pick of Cordray for Consumer Bureau (2)

Thursday, 05 January 2012 08:40 By Juan González and Amy Goodman, Truthout | Video

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. And 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.

Click here to view transcript.

Amy Goodman

Amy Goodman is the host and executive producer of Democracy Now!, a national, daily, independent, award-winning news program airing on over 1,100 public television and radio stations worldwide. Time Magazine named Democracy Now! its "Pick of the Podcasts," along with NBC's Meet the Press.

Juan González

Juan González co-host's Democracy Now! with Amy Goodman. González has been a professional journalist for more than 30 years and a staff columnist at the New York Daily News since 1987. He is a two-time recipient of the George Polk Award.


Hide Comments

blog comments powered by Disqus