President Obama will announce two new federal appointments today that are designed to send a signal to the financial industry that they aren't getting a free pass from Washington anymore.
The president addressed the Consumer Financial Protection Bureau on Friday, introducing its new chief, who he used a recess appointment to install, without addressing the controversial move.
Jon Stewart looked at the high-pitched rhetoric over President Obama's recess appointments and compared the outrage over the relatively arcane and minor bureaucratic loophole with the complete lack of outrage over his more clear-cut expansions of presidential authority.
The Atlantic's James Warren reminds us Richard Cordray, whom was just appointed as director of the Consumer Financial Protection Bureau, won Jeopardy! five times in 1987, which is not at all what Bloomberg meant by "Obama Nominees in Jeopardy After Cordray Appointment."
President Barack Obama plans to use an executive "nuclear option" to appoint Richard Cordray to head the Consumer Financial Protection Bureau, circumventing Republican opposition by making the appointment between sessions of Congress.
President Barack Obama says the Senate Republicans' decision to block today's nomination "absolutely make no sense" and tells GOP critics of his foreign policy to ask Osama bin Laden about "appeasement."
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