Note to Republicans: Cordray was confirmed, so any questions about the legality of his appointment went bye-bye. Time to...
To rub salt into that GOP wound, a U.S. district judge has now granted the Obama administration's motion to dismiss a lawsuit filed by Georgia, Michigan, Ohio, Texas, and others who did not have standing to challenge the Dodd-Frank law.
Judge, short version: No harm, no foul. Now get outta here.
Take that, attorneys general of all eleven states.
A federal judge has dismissed a lawsuit by a Texas bank, two free-market advocacy groups and 11 states against the Dodd-Frank Wall Street reform law, saying they did not show the likelihood of financial harm from the new government authority.
The suit specifically targeted the centerpiece of the law, the Consumer Financial Protection Bureau, charging the agency was granted too much power and that its director, Richard Cordray, was installed unconstitutionally with a recess appointment in 2012.
If Republicans would stop wasting everyone's time and money going after Dem-supported laws, maybe we could get a few things done around here.