Detailed text transcripts for TV channel - MSNBC - 20120105:05:52:00
His decision to run that agency had been hung up in the senate since july. not because senate republicans don't like mr. cordray, but because they don't like the wall street reform bill that gave birth to that agency and they do not like the idea of that new agency. keeping an eye on banks and credit card companies and others that earned a reputation for screwing over consumers with their financial products. republicans in the senate would not allow anybody to be confirmed at that agency in protest of the agencies existence. and so the president has now used a recess appointment to get around ...