Reps. Maxine Waters and Mel Watt spoke yesterday on President Obama’s nominee Richard Cordray to be Director of the Consumer Financial Protection Bureau. Â Both Watt and Waters worked to get the Consumer Financial Protection BureauÂ into Dodd/Frank after the “too big to fail” banking industry successfully crashed the economy and caused a recession — requiring them to be bailed out to the tune of 800 billion dollars. Â Congressional Republicans — specifically Sen. Richard Shelby of Alabama — are holding up the nomination in another attempt to stifle Dodd/Frank and regulatory powers. Â Why? Because big business doesn’t want aÂ Consumer Financial Protection Bureau. Period.