Attention to that and done a better job. And if we havent made real discernible progress in that the next several years thenly be disappointed in myself and in the bureau . Very short answer to this one, is there a political future for Richard Cordray . Which would consider running for an Elective Office in ohio . Its not a political job. I understand its a job done in a political con teblings but its a federal context, but its a federal job and thats how i see it. You can send more questions morningmoney if you have something in mind get it ready in the next few minutes. One good question that came in how does this cfpb choose the market and which authority . How do you pick in the nonbank area what you focus on and which tools you use . I think your question there just illustrated there are a lot of choices to be made in terms of how to prioritize our resources and our work. How do you pick in the nonbank area what you focus on and which tools you use . I think your question there ju
This is 45 minutes. Gentlemen, please welcome politicos chief economic correspondent, ben white. [applause] i am the chief economic reporter for politico. Author of the Morning Money column. On my note, it says it is a must read for anyone who cares about wall street. I do not know if it is a must read, but we hope you read. We are honored to have the director of the Consumer Financial protection bureau. A few housekeeping notes. If you have cell phones, we would be happy to have you tweet the event. Just turn them on vibrate. I have a tab to get twitter questions if you have those for me. I would like to thank the foundation for their partnership. We are appreciative of their efforts. Here to say a few words is michael peterson, the president and chief operating officer. [applause] good morning. Welcome today. The nonpartisan mission is to increase awareness and accelerate action on americas longterm fiscal challenges. We just made it through a government shutdown. We just have a coup
Reviews were done in an adversarial basis and therefore had to be changed somewhat. If thats true you dont agree with it, why did you agree to stop sending enforcement lawyers . There was a certain message from that practice that was not the message that was intended. Weve been working hard to integrate our supervision and our enforcement elements of the bureau. Were a little different animal certainly a different animal from my experience. I had Enforcement Authority but i didnt have any sort of Examination Authority or supervisery authority. Its something i had to learn about when i came to the bureau. Most of our enforcement attorneys are in the same boat. They need to understand how the examination function works and how it is getting to a similar result. They have to understand how enforcement works when its an appropriate tool and when its not. In attempting to integrate this is one of the early judgment wes made two years early on. It seemed to me that this cost were outweighing
On the senate floor today. This is a big week for those of us from illinois. Because it was just a day or two ago, two days ago, that the illinois General Assembly passed marriage equality, about to be signed into law. Making it the 15th state in the nation that has reached this amazing, historic milestone. It is an important day for illinois in the United States senate. Republican senator and the democratic senator both cosponsored and supported this important legislation. This was an historic victory and shows how quickly our country is moving forward. It was not that long ago when it was acceptable to refuse to hire people based on the color of their skin, their religion or their gender. But congress corrected that wrong with title vii. At one time, and lawyers could fire people simply because of their age. We put an end to age discrimination. As tom harkin, who can proudly say he was the author along with bob dole, there was a time in this country when an employee could be passed o