According to reports out of Washington today, President Barack Obama is planning to bypass the Senate and appoint Richard Cordray to new Consumer Financial Protection Agency.
Many Republicans not only do not want to see Mr. Cordray appointed–especially during a recess appointment–they do even think that the agency should exist at all.
Count among those Staten Island Congressman Michael Grimm.
“President Obama’s announcement to make a sham recess appointment for Richard Cordray to head the controversial CFPB shows his complete disregard for the checks and balances established by the U.S. Constitution,” the freshman lawmaker said in a statement. “Knowing he lacks the support from Senate Republicans to confirm Corday, he has changed the rules in his favor and sets a dangerous precedent that will give him carte blanche to appoint whomever he pleases, whenever he pleases.” Read More