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Saturday, January 26, 2013

Obama Weekly Address

George Wenschhof

President Obama touts his nominees to head the Securities and Exchange Commission (SEC) and Consumer Financial Protection Bureau (CFPB).

Obama nominated Mary Jo White for the SEC and Richard Cordray for the CFPB. “Mary Jo White has decades of experience cracking down on white-collar criminals and bringing mobsters and terrorists to justice,” Obama said. “At the SEC, she will help complete the task of reforming Wall Street and keep going after irresponsible behavior in the financial industry so that taxpayers don’t pay the price.”

Obama used a recess appointment to place Cordary as head of the CFPB after Republicans had opposed his appointment when he nominated Cordray previously.


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