Nothing personal, Mr. Cordray

by Charles Peters
Magazine

If the Wall Street reforms enacted under Obama are as weak as many of us thought, why are Wall Street and the Republicans fighting so hard to sabotage them? The latest example of their efforts is the filibuster of Richard Cordray’s nomination to head the Consumer Financial Protection Bureau. Several Republicans conceded that he was not rejected because he wasn’t qualified, but because they want to weaken the powers of the agency.

Washington Monthly - Donate today and your gift will be doubled!

Support Nonprofit Journalism

If you enjoyed this article, consider making a donation to help us produce more like it. The Washington Monthly was founded in 1969 to tell the stories of how government really works—and how to make it work better. Fifty years later, the need for incisive analysis and new, progressive policy ideas is clearer than ever. As a nonprofit, we rely on support from readers like you.

Yes, I’ll make a donation

Charles Peters

Charles Peters is the founding editor of the Washington Monthly and the author of a new book on Lyndon B. Johnson published by Times Books.