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Wednesday, December 15, 2010

Obama Names Ohio AG Election Loser to "Consumer Protection Bureau"

Ohio Attorney General Richard Cordray, who recently lost his re-election to Mike DeWine, won his consolation prize from Obama - to run the "consumer protection" agency.

Just to review, the key people sitting on the "consumer protection" agency are: Cordray, who made his name trying to sue banks who dared foreclose on consumers who couldn't pay their mortgages; David Silberman, former counsel for the AFL-CIO; and Elizabeth Warren, who once called the entire financial industry a bunch of "crooks."

Despite a recent stock price run-up, we shouldn't get overly optimistic about the economy when there are Obama-ites still trying to bankrupt private companies.