January 4, 2012

A RECESS APPOINTMENT FOR THE CONTROVERSIAL RICHARD CORDRAY? “The Obama administration’s lawyers have concluded that President Obama has the legal authority to name Richard Cordray head of the Consumer Financial Protection Bureau (CFPB) through a recess appointment. According to a report in The Wall Street Journal, Democrats and Obama administration lawyers said the president has that right. The newspaper also reported that the appointment could happen as early as Wednesday, while Obama is in Ohio to give a speech on the economy.”

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