Topic: Mary Jo White

Obama's New Nominations Are Meant to Scare Wall Street

In this Jan. 4, 2012 photo, President Barack Obama shakes hands with Richard Cordray, in Shaker Heights, Ohio. Obama has named Cordray as the first director of the Consumer Financial Protection Bureau (CFPB).
AP Photo/Haraz N. Ghanbari

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.

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