Obama: Richard Cordray is best choice to head consumer bureau

Saying middle-class families needed a strong watchdog in Washington, President Obama on Monday nominated former Ohio Atty. Gen. Richard Cordray to head the new Consumer Financial Protection Bureau.http://latimesblogs.latimes.com/money_co/2011/07/richard-cordray-consumer-financial-protection-bureau-obama-elizabeth-warren-director-nominee.html