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The Partisan Fight Over Consumer Protection
This week, the Senate blocked the confirmation of Richard Cordray, the former Ohio attorney general chosen by President Obama to lead the new Consumer Financial Protection Bureau. It boils down to yet another partisan fight: Republicans say the agency has too much power, and the White House says they won't weaken an agency that is supposed to protect consumers. Host Scott Simon talks with Joe Nocera, an op-ed columnist for The New York Times.