Obama: We Need Watchdog Because Of Financial Mess

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President Obama is in Ohio today speaking on behalf of his expected recess appointment of Richard Cordray to the CFPB:

The only reason Republicans in the Senate have blocked Richard is because they don’t agree with the law setting up the consumer watchdog. They want to weaken it. Well that makes no sense at all. Does anyone think the reason we got in such a financial mess was because of too much oversight? Of course not.

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