President Obama was mad as hell and wasn't going to take it anymore.
Nuance, subtlety and appeals to reason weren't cutting it. So when it came to trying to break gridlock on the confirmation of a director of the Consumer Financial Protection Bureau, Obama did it the old fashioned way: He picked a fight.
He took an expansive view of what constitutes a congressional recess and appointed Richard Cordray to run the CFPB after Senate Republicans repeatedly thwarted his efforts to get Cordray confirmed. Unfortunately, Obama didn't channel former President Clinton and say, "it all comes down to what the definition of recess is."
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
