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July 18, 2011
Until President Obama addresses our concerns by supporting a few reasonable structural changes, we will not confirm anyone to lead it. No accountability, no confirmation.
Sen. Richard Shelby • Offering an ultimatum about the Consumer Financial Protection Bureau, particularly in regards to its leadership. Obama recently chose former Ohio Attorney General Richard Cordray as his pick — a slight over noted financial industry critic Elizabeth Warren, but one that will nonetheless face a tough Senate  confirmation battle. The GOP wants to push a five-member commission structure for the organization, but while Obama may offer concessions to please Republicans, that particular idea is off the table. source (viafollow)
0:56 // 2 years ago