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Obama Taps Ex-Ohio AG for Consumer Bureau

Elizabeth Warren passed over in hopes of avoiding Senate brawl

By Polly Davis Doig,  Newser Staff

Posted Jul 17, 2011 10:58 AM CDT

(Newser) Elizabeth Warren is officially out at the Consumer Financial Protection Bureau: President Obama will tomorrow instead nominate former Ohio AG Richard Cordray to lead the agency, reports the Columbus Dispatch. Cordray is currently the bureau's enforcement director, and Obama will likely dodge the Senate dogfight that would have erupted over Warren's confirmation. Warren herself applauded the choice, calling Cordray "tough and smart—exactly the combination this new agency needs."

“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 in a statement. He saluted Warren "for her many years of impassioned leadership, and her fierce defense of a simple idea: ordinary people deserve to be treated fairly and honestly in their financial dealings."

Elizabeth Warren testifies before the US House Committee on Oversight and Government Reform.
Elizabeth Warren testifies before the US House Committee on Oversight and Government Reform.   (Getty Images)
This Jan. 8, 2009 file photo shows Ohio's Attorney General Richard Cordray during his swearing-in ceremony in Columbus, Ohio.
This Jan. 8, 2009 file photo shows Ohio's Attorney General Richard Cordray during his swearing-in ceremony in Columbus, Ohio.   (AP Photo/Kiichiro Sato)
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COMMENTS
Showing 3 of 10 comments
brawne
Jul 17, 2011 9:27 PM CDT
I can't believe that people think that we have two parties.  We got a group of people who want for themselves and a group that wants for all.  They both have problems, but it would be nice if we understood that those are divisions between personality types and not political parties.  Then people could get that Obama is a nice guy who will do whatever it takes just like a nice Republican will do the same--get what they want.  Warren was one of those rare people who feels all tingly from the good of others.  I don't care what party you are--Obama is not like her.  Never was and never will be.  He's just smarter in this new day and age where smart is considered an affliction.  I tried to understand the whole debt ceiling thing and thought--wow, I remember when this wasn't a political thing for me to figure out.  I knew that whoever was running shit would do the right thing for the country.  I'm just a person and not an economist or anything else.  I want expertise in my government.  Not such a terrible thing is it?  Really--so lacking in esteem that your intellectual equal is all that you can tolerate?  Now, how would that have worked for a whole country in 1787 that depended on the smarts of the guys sweating in Philadelphia?  Elitism--it's a good thing and why you have a country where you can say it's a bad thing.  Plato crapped on Democracy cause all the stupid people would fuck it up.  Read it--The Republic.  Seems he was right.
nick
Jul 17, 2011 3:41 PM CDT
Wall street runs the country, end of story. Er, I mean sad end of story. We're doomed!
RockyPneumonia
Jul 17, 2011 3:21 PM CDT
Yes, President Obama; if you give in just one more time, THIS time they'll like you.

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