Politics. On Point.

President Barack Obama's Monday schedule is shaping up to be yet another busy one. Richard Cordary has been chosen by President Obama to lead the Consumer Financial Protection Bureau. He is scheduled to make a major personnel announcement in the early afternoon: one that states his nomimation of Richard Cordray to Lead Consumer Financial Protection Bureau. ( Update : View announcement video here ). From the White House blog on the selection: It has been one year since President Obama passed financial reform to help tackle the problems that created the financial crisis that pulled the economy into the worst recession we've seen since the Great Depression, As the President described today , the law did three things, "First, it made taxpayer-funded bailouts illegal, so taxpayers don’t have to foot the bill if a big bank goes under. Second, it said to Wall Street firms, you can’t take the same kind of reckless risks that led to the crisis. And third, it put in plac...