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Judi Lynn

(160,560 posts)
Fri Feb 1, 2013, 05:07 PM Feb 2013

Republicans pledge to block Obama's pick to head consumer bureau

Source: Reuters

Republicans pledge to block Obama's pick to head consumer bureau

By Emily Stephenson

WASHINGTON | Fri Feb 1, 2013 3:14pm EST

(Reuters) - Senate Republicans on Friday pledged to block President Barack Obama's choice to lead the consumer finance watchdog until Democrats agree to restructure it, ramping up an expected fight this year over the controversial new bureau.

The group of 43 Republicans, led by minority leader Mitch McConnell of Kentucky and Mike Crapo, an Idaho senator who is the top Republican on the banking committee, said the Consumer Financial Protection Bureau lacks congressional oversight.

Last week, Obama re-nominated Richard Cordray to lead the bureau. Cordray received a temporary appointment as director last year, but his position expires at the end of 2013.

"As presently organized, the CFPB is insulated from congressional oversight of its actions and its budget," the Republicans said. "Far too much power is vested in the sole CFPB director without any meaningful checks and balances."


Read more: http://www.reuters.com/article/2013/02/01/us-financial-regulation-director-idUSBRE91016V20130201

19 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies

Botany

(70,524 posts)
2. And this is the side that Harry Reid cut a deal w/?
Fri Feb 1, 2013, 05:12 PM
Feb 2013

these fuckers act like they won the last election by a landslide.

AsahinaKimi

(20,776 posts)
3. I was thinking about kids playing football..
Fri Feb 1, 2013, 05:14 PM
Feb 2013

When one is upset how the game is going, and takes his football and goes home.

Botany

(70,524 posts)
6. If they hadn't gerrymandered the congressional districts in Ohio, Michigan,
Fri Feb 1, 2013, 05:23 PM
Feb 2013

Pennsylvania, Florida, and Wisconsin then we would have had control of
the House too. Obstructionism is not really governing but to the Republicans
that (obstructionism) and trashing the economy is their path back into power.

Bottom line they are at their heart very un-American.

AsahinaKimi

(20,776 posts)
8. Agree...
Fri Feb 1, 2013, 05:31 PM
Feb 2013

By the way.. beautiful image you posted. The Japanese Crane is part of my ancestry...This is our family crest:

 

Purveyor

(29,876 posts)
4. How's that 'filibuster reform' working out for you now Harry. Watch for them to pull this stunt
Fri Feb 1, 2013, 05:17 PM
Feb 2013

with Hagel.

Pending...

 

lobodons

(1,290 posts)
5. Recess appointment again
Fri Feb 1, 2013, 05:21 PM
Feb 2013

F'em. Do another recess appointment. (SCOTUS will eventually rule they are Constitutional anyway.)

 

rhett o rick

(55,981 posts)
13. But cant the Republicans keep the Senate "running" all the time. Not take an
Fri Feb 1, 2013, 06:27 PM
Feb 2013

official recess but continue the session.

Gidney N Cloyd

(19,842 posts)
14. Thug opposition to this bureau should be shouted from the mountaintops.
Fri Feb 1, 2013, 06:45 PM
Feb 2013

Make 'em wear it around their necks (their necks aren't doing much else anyway).

PSPS

(13,603 posts)
15. "the controversial new bureau"
Fri Feb 1, 2013, 08:55 PM
Feb 2013
Senate Republicans on Friday pledged to block President Barack Obama's choice to lead the consumer finance watchdog until Democrats agree to restructure it, ramping up an expected fight this year over the controversial new bureau.

Controversial? Only in the RW media bubble. It's what the people both want and need. But, because we have a corporatocracy, anything that interferes with predatory business practices is declared "controversial."

markpkessinger

(8,401 posts)
16. We can complain about Republicans all we want . . .
Fri Feb 1, 2013, 10:33 PM
Feb 2013

Republicans will do what Republicans will do, but when the Senate majority leader of our own party has an opportunity to act in a way that could have put an end to this nonsense, it is time to realize that the biggest obstacle to Democratic legislative success is not the GOP, but some of our very own elected leaders.

defacto7

(13,485 posts)
17. "the biggest obstacle to Democratic legislative success is not the GOP"
Sat Feb 2, 2013, 01:03 AM
Feb 2013

No. Not the biggest obstacle, but definitely an obstacle.

"is not the GOP" ... is not necessarily the GOP.

I don't mean to be difficult but overstating it is a problem for me. We need to know who the enemy is and where our own problems lie, not start making our party out to be the "biggest" problem.

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