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Make no mistake: President Obama's move will provoke a huge fight from Republicans. Most will declare this use of a recess appointment to be unconstitutional, while talk of impeaching Obama will likely spread throughout the right-wing media.
President Obama knew this would happen, but moved forward anyway. In so doing, he stood up to Wall Street and prevented Republicans from nullifying the Consumer Financial Protection Bureau. Best of all, Americans will now have a watchdog working to stop the fraudulent practices of mortgage companies, payday lenders, debt collectors and other financial companies that continue to cause so much economic pain throughout our country.