General Discussion
In reply to the discussion: Checkmate! Looks like Pres Obama may have set the GOP up before making the 4 recess appointments [View all]JDPriestly
(57,936 posts)nominations. The Republicans could prevent these nominations from coming to the floor but I don't think they have the votes to override his appointments.
Therefore, Obama is on safe ground in making these appointments.
Good for Obama.
In particular, the Richard Cordray appointment should be very popular with voters. Strong oversight of the financial sector's dealings with consumers could have prevented the mortgage fraud that has brought down the world economy.
The sales personnel for the financial sector who market their lies about the melt-down would have us believe that somehow millions of homebuyers who were too stupid to know how to read their loan agreements were smart enough to trick banks into lending even more millions.
Can you think of anything less logical. If a person couldn't do math well enough to figure out how much his adjustable mortgage might cost if interest rates rose, how could he possibly have understood how to falsify his credit story just enough to qualify for a loan he couldn't afford?
Nonsense. The folks who knew exactly how to fix the numbers and get the buyer qualified are responsible for the irresponsible lending practices. They "helped" get buyers in over their heads and took home big paychecks for doing it.
Apparently bankers and their spokespeople don't have to think logically.