Obama to Appoint Cordray as Head of Consumer Bureau

[savalez]

2. Agreed. It pays to just be patient.

Otherwise you make an arse out of yourself.

Here's a clip from TPM's article that I found interesting, the second paragraph in particular.

"The White House confirmed Wednesday morning that President Obama will announce a recess appointment for Richard Cordray to run the Consumer Financial Protection Bureau at a speech in Ohio later today. Cordray was a well-liked Ohio Attorney General until last year, after he was toppled by the GOP midterm wave in 2010.

Cordray’s an accidental victim of a brazen act of GOP obstruction. They’re refusing to allow an up-or-down vote on any CFPB nominee until the agency itself is fundamentally weakened — an extra-legal attempt to nullify a key portion of an act of law. "