{"id":12582,"date":"2012-01-06T15:22:30","date_gmt":"2012-01-06T20:22:30","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=12582"},"modified":"2012-01-06T15:22:30","modified_gmt":"2012-01-06T20:22:30","slug":"cordray-recess-appointment-may-be-pyrrhic-victory","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/12582\/cordray-recess-appointment-may-be-pyrrhic-victory\/","title":{"rendered":"Cordray Recess Appointment May be Pyrrhic Victory"},"content":{"rendered":"<p>The news of President Barack Obama\u2019s unconstitutional and dubious recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau was met with near universal outrage, especially <a href=\"http:\/\/cfif.org\/v\/index.php\/commentary\/54-state-of-affairs\/1257-obamas-2012-governing-without-congress\" target=\"_blank\">here<\/a> at <a href=\"http:\/\/cfif.org\/v\/index.php\/commentary\/54-state-of-affairs\/1258-obamas-tyrannical-tendencies\" target=\"_blank\">CFIF<\/a>. \u00a0Already a legal argument is emerging that could stop <a href=\"http:\/\/www.businessweek.com\/news\/2012-01-06\/cordray-gets-started-schapiro-s-regret-boe-report-compliance.html\" target=\"_blank\">Cordray\u2019s pledged lurch for power<\/a> before it takes a second step.<\/p>\n<p>From the <a href=\"http:\/\/dailycaller.com\/2012\/01\/06\/cordrays-power-stymied-by-2010-law-that-created-his-new-agency\/\" target=\"_blank\"><em>Daily Caller<\/em><\/a>:<\/p>\n<blockquote><p>But an\u00a0obscure paragraph in the 2010 law that created the bureau may keep Cordray in check unless the Senate formally approves of his <a href=\"http:\/\/dailycaller.com\/2012\/01\/06\/cordrays-power-stymied-by-2010-law-that-created-his-new-agency\/\">hiring<\/a> \u2014 an approval Obama sought to circumvent by making him a so-called \u201crecess\u201d appointment.<\/p>\n<p>Section 1066 of the law says many of the bureau\u2019s new powers are to be held by the secretary of the Treasury \u201cuntil the Director of the Bureau is confirmed by the Senate.\u201d<\/p>\n<p>That legal technicality ensures that Cordray\u2019s power will be legally crippled, said Roger Pilon, the founder and director of the Cato Institute\u2019s Center for Constitutional Studies.<\/p>\n<p>\u201cI don\u2019t think he would have the authority to act\u201d because he still hasn\u2019t been confirmed by the Senate, Pilon said.\u00a0\u201cAs soon as he did [try to impose a decision], it would be challenged [in court] by one of the people or entities that is affected.\u201d<\/p><\/blockquote>\n<p>So now it looks like Obama violated both the Constitution <em>and<\/em> the federal law that created Cordray\u2019s position.\u00a0 Next Question: Does this qualify as a high crime or a misdemeanor?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The news of President Barack Obama\u2019s unconstitutional and dubious recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau was met with near universal outrage, especially here at CFIF. \u00a0Already a legal argument is emerging that could stop Cordray\u2019s pledged lurch for power before it takes a second step. From the Daily Caller: [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[144,3276,300,3275],"class_list":["post-12582","post","type-post","status-publish","format-standard","hentry","category-posts","tag-constitution","tag-financial","tag-regulation","tag-richard-cordray"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/12582","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=12582"}],"version-history":[{"count":5,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/12582\/revisions"}],"predecessor-version":[{"id":12587,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/12582\/revisions\/12587"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=12582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=12582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=12582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}