Richard Cordray better be a bulldog

Word out from Washington this morning says President Obama didn't pick Elizabeth Warren to be head of the new Consumer Financial Protection Agency. And while that's not a big surprise since the business-toady Republicans were so deadset against her, what can be said is that the President's choice for this job, former attorney general of Ohio Richard Cordray had better be her equal. He'd better be, as I said above, a strong bit of a bulldog so something can really be done by this new agency to protect the American public from the kind of nonsense the business community got away with in the last few years since it brought the nation and the world to near-collapse. Here's hoping. Here's what stinks about this: "Her (Ms. Warren's) candidacy was passionately supported by liberal members of Congress and consumer advocacy groups. But she never won the full support of the president or his senior advisers, particularly the Treasury secretary, Timothy F. Geithner, in part because of her independent streak and her outspokenness, which at times put her at odds with the administration." Timothy-freaking-Geithner? Like we care about HIM? He's from the banking industry. He's exactly the kind of person we DON'T want having input on this. It's precisely because Elizabeth Warren was outspoken that she came to prominence, for one, and why, secondly, she would have made a great candidate for the first Director of this agency. Mr. Cordray had better be good, that's all there is to it. Link: http://www.nytimes.com/2011/07/18/business/former-ohio-attorney-general-picked-to-lead-consumer-agency.html?_r=1&ref=elizabethwarren