Saying that we “shouldn’t be weakening oversight and accountability.  We should be strengthening it – especially when it comes to looking out for families,’’ President Obama on Wednesday circumvented Senate Republicans and made a recess appointment of Richard Cordray to run the Consumer Financial Protection Bureau.

Obama, who made the announcement during a speech on the economy and job creation in the Cleveland suburb of Shaker Heights, Ohio, said Cordray will “be in charge of one thing: looking out for the best interests of American consumers.  His job will be to protect families like yours from the abuses of the financial industry.  His job will be to make sure you’ve got all the information you need to make important financial decisions.’’

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