Cordray, exceptionally intelligent (Oxford scholar) , honest and progressive, has since been nominated by President Obama to head the new Consumer Financial Protection Bureau, a product of the 2010 Dodd-Frank Wall Street Reform Law. When the confirmation of Cordray comes up in the Senate on Thursday, few Republicans say they will support him. But as everyone except a few Eskimos north of the Arctic Circle must know by now, anything that smacks of consumer protection at the expense of the financial industry is ghoulish. The GOP's price for their support: Across-the-board restrictions on the bureau's regulatory power. It would mean that Cordray would be all dressed up with no place to go.
Ah, the Republicans insist that it has nothing to do with whether it's Cordray or some parish priest. It's the threat of regulating their friends' daily bread.
But the aginners had better be careful about what they filibuster against. Obama's previous choice, Elizabeth Warren, pulled out under heavy attacks on her liberal reputation by the other side. (And we thought it wasn't the person but the agency that worried her opponents!)
She decided to run for the Senate in Massachusetts against Republican Sen. Scott Brown. It could cost the GOP a senate seat. She's running slightly ahead of Brown. Will this be an unintended consequence?