congressional appropriations process. democrats who had 60 votes to create the bureau last year cried foul. they lost. it is unprecedented. it s almost gorilla warfare to say well, then, we don t like the agency though it s in law. bureau would regulate nonbank lender like payday lenders who often charge interest rate of more than 100%. student loan providers and mortgage lenders. the law says the agency must have a director to begin in oversight that mr. obama noted was a reaction to the 2008 market meltdown. i don t think there is any american out there that thinks we got in financial mess we did is too much regulation of wall street or the financial services industry. at the same time, republicans say they outline the changes they want in a letter to the white house much earlier this year. the president knew about these concerns months ago. and he chose to dismiss them. actually, the republicans biggest concern this year was