Thursday, December 08, 2011

GOP blocks Cordray confirmation vote

No great shock here. The GOPers signaled their intention to kill the CFPB months ago. Not difficult to figure out why either:
The 44 Senate Republicans who signed a letter in May pledging to filibuster any CFPB nominee (plus Sen. Dean Heller who later added his name once appointed to the Senate) have received over $6.5 million from the financial industry in 2011 and nearly $125.6 million over their careers.
The final vote was 53-45.

Not at all surprising that our entrenched political class gets bought off, but I'm always just a little shocked to learn how cheaply they whore themselves out. Then again, I assume they probably find a way to squeeze out a bigger payoff under the table.

[More posts daily at the Detroit News.]

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