Remarks by President Obama in Nominating Richard Cordray as Director of the Consumer Financial Protection Bureau

Washington, DC–(ENEWSPF)–July 18, 2011 –  1:15 P.M. EDT

THE PRESIDENT:  Good afternoon, everybody.  It has been almost three years since the financial crisis pulled the economy into a deep recession.  And millions of families are still hurting because of it.  They’re trying to get by on one income instead of two, on fewer shifts at the plant or at the hospital.  They’re cutting expenses, giving up on a family night out so there’s money for…