Warren Out, Cordray In | Cordray is Obama’s choice to lead Consumer Financial Protection Bureau

As I am sure you all already heard that Ms Warren was eliminated as an option to head up the CFPB.

Well, there was some discussion yesterday that former banker Raj Date would get the job but it looks like things have just changed…


Cordray is Obama’s choice to lead Consumer Financial Protection Bureau

President Barack Obama will nominate former Ohio Attorney General Richard Cordray to head a powerful new consumer protection agency, White House officials said.

At a White House event Monday, Obama will announce his choice of Cordray, 52, who is currently serving as director of enforcement for the new agency called the Consumer Financial Protection Bureau.

By picking Cordray, Obama hopes to avoid a bruising Senate confirmation battle that would have occurred had he selected Elizabeth Warren, the Harvard law professor who came up with the idea and ultimately helped to set up the agency.

“Richard Cordray has spent his career advocating for middle class families, from his tenure as Ohio’s Attorney General, to his most recent role as heading up the enforcement division at the (bureau) and looking out for ordinary people in our financial system,” Obama said.

Sen. Sherrod Brown, D-Ohio, called the selection of Cordray a “great move. There’s no question of Rich’s qualifications.”

He predicted the Senate will likely confirm Cordray for the post “unless they get to be hyper-partisan. My only fear is Republicans don’t think we should have consumer protection rules.”

You can check out the rest here…



16 Responses to “Warren Out, Cordray In | Cordray is Obama’s choice to lead Consumer Financial Protection Bureau”
  1. lvent says:

    Ms. Warren was the best pick. Not a politician or affiliated with the banksters. The people once again did not get what they wanted. Why are we allowing this?? WHERE IS THE OUTRAGE? WHY ARE WE ALL ACTING LIKE COWARDS? STAND UP FOR YOUR RIGHTS PEOPLE. They can only get away with what we let them get away with.

  2. lvent says:

    Don’t vote for any of the Republicon/Demorats in 2012 or 2014. Refuse to vote electronically, and demand our votes be counted in America. We want proof. The electoral college is a GIANT scam and a fraud. The president should only be elected by popular vote. Nothing else matters except what the people want. Keep calling them out. They hate that. No more RULE BY SECRECY.

  3. Jason Werner says:

    I am from Ohio, which is where Cordray committed his crimes as attorney general. Listen, he certainly talks a good consumer protection game, but he is a total phony. He caves every way possible. He loves corporations, especially banks.

  4. CaitlinO says:

    The Rethugs won’t let Cordray in, either, without dismantling the few protections offered by the CFPB. Richard Shelby, the 9/11 traitor, already said so.

  5. Fury says:

    i like Cordray. he did a hell of a job for ohio.

    elizabeth warren was too weak and cordial.

    we need a ferocious fighter.

    • lvent says:

      Fury, I sure hope he can do something. The way they attacked Ms. Warren it couldn’t have been more obvious who they are working for and it is not to protect us. They all acted like just what they are, a den of vipers, their true colors came out… I thought Ms. Warren held her own in there. The only peace I can take away from all of their horrendous behavior is they are never getting into office again if the people don’t lynch all of them before 2014.

    • Jason Werner says:

      “Cordray did a hell of a job for Ohio:” True – he did the best he could to bring hell to Ohio, which is yet just another state that sucks up to the criminal banks every way possible. I had much communication with his office, well, I live in Ohio. Cordray is a world-class criminal, a bank-loving, bribe-lover. He absolutely knows the truth that the banks are criminals just like him, but the bribes and pride is more important to him than justice and honesty.

      • Fury says:

        i hope you aren’t right but if he bows downs to banks- get rid of him!
        if he didn’t help you and people like us, i don’t want him.

        obama is in bed w/ the banks and wall street.

  6. Joyce Cauthen says:

    Correction to my post: Obama needs people he can control and Elizabeth Warren and Sheila Bair were not one of them.

  7. Joyce Cauthen says:

    Well is anyone surprised – Cordray walks away from the people of Ohio and he is going to represent the middle class families. He could not control Warren and everyone knows it and of course he is making it look just like that if he did keep Warren, the REpublicans would put a stop to it.

    When the REpublicans get in and they just might, their first order of the day will be to recruit Warren and Bair. I know they are up for the challenge if the party will allow them to take the helm. Ohterwise, I will be looking to the Republicans to explain themselves as to why they would not want to do just that. Right now, neither party is trustworthy and you cannot believe a word they say with the exception of very few namely, Paul. Ryan. After that, it is nothing more than a farce no matter how hard both parties try to convince us with their wasted words.

  8. Jim Bethea says:

    I guess she could not take the pressure of working in an environment of crooks ~~~ A Great Lady w/ A Wonderful Mission ~~ It’s probably better that she distance herself from the other selfserving narsistic clowns ~~

  9. Constitutional ChrisYAHan says:

    Being that Mr. Corday is; from the Bastian of Extremist Leftist Propaganda and Law merchants I wil be Cautiouly Optimistic that HE may actioally be TRUELY committed to Protecting the PEOPLE and NOT his: Harvard Buisness, Law Merchant, Conflicted CoConSpiritors of the Obamination Team?

  10. This stinks says:

    Ok, so mystery solved as to why he reneged on his word to prosecute. Another loser.

  11. Michael says:

    Elizabeth Warren for President!

    Obama is a disaster. Somehow he forgot that Clinton bumped off King Bush I after one-term on economic issues. We weren’t voting for “Hope” and “Change” … we were voting for a President who knew what a grocery store bar-code scanner is. Not so with Obama; both Hillary Clinton and John McCain are good people. Both would have made good Presidents. We wanted somebody really different and, so, Obama. He has been an abject failure, capitulating at every opportunity.

  12. lvent says:

    Well he can start with speaking out to the entire country about what the banks did and how these mortgages are unsecure debts and that they can’t take your house if they dont own the loan. That should cause nationwide loan recissions and break up the big banks who have blighted the nation and bankrupted the people with the biggest MORTGAGE FRAUD PONZI SCHEME SWINDLE AND HEIST IN HISTORY. THE HORRIBLE ECONOMIC CONDITIONS THEIR PONZI SCHEME CREATED ARE CRIMINAL AND PROSECUTABLE. WHAT THEY DID TO AMERICA IS TRY TO DESTROY OUR FREEDOM AND OUR NATIONAL SOVEREIGNTY AND IT WAS INTENTIONAL. THEY ARE WAY TO BIG AND THEY NEED TO BE BROKEN UP. THEY ARE FOREIGN MULTINATIONAL CRIMINALS AND FINANCIAL TERRORISTS AND THEY HATE OUR FREEDOM.

    • Joyce Cauthen says:

      Nothing worthwhile is going to be done – both parties have been bought and paid for – it is up to the people to man their stations and make their voice heard – instead of shock and awe, it should be demand once and for all – that which meets the needs of the people. If Cordray had been a successful worker for the people, he would not be working for the feds.

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