Alexander Statement on the President Defying Senate with Appointment of Director to Consumer Financial Protection Bureau

Says Cordray will “answer to no one”

Posted on January 4, 2012

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This administration is responsible for too many Washington takeovers, too much spending, too many taxes, too much regulation, too much debt – and too many czars overseeing huge sectors of our economy but accountable to no one.” –Lamar Alexander

U.S. Senator Lamar Alexander (R-Tenn.) today released the following statement on President Obama’s decision to appoint Richard Cordray as Director of the Consumer Financial Protection Bureau during Congress’s recess:

“I am deeply disappointed in the president’s decision to defy the Senate and install a czar who will effectively answer to no one as he regulates millions of everyday financial transactions. This administration is responsible for too many Washington takeovers, too much spending, too many taxes, too much regulation, too much debt – and too many czars overseeing huge sectors of our economy but accountable to no one.”

Last month, the Senate failed to reach the 60 votes required to end debate and move to the final confirmation vote on Mr. Cordray’s nomination, effectively blocking his confirmation. The vote to end debate was 53-45, with one senator voting present.

 

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