August 31, 2011
Earlier this month, the Senate announced that the hearing for Consumer Financial Protection Bureau director nominee, Richard Cordray would be postponed until September 6. The time and location for the meeting has now been announced.
Rather than remind you of the “politics as usual” partisan battle presently being waged in Congress over Cordray’s nomination, we present to you the nomination hearing details in the form of an original PYMNTS parody, to be sung to the tune of “Summer Nights” from the movie, “Grease.”
CORDRAY: Summer regulation, had me a blast
OBAMA: Summer regulation, happened so fast
CORDRAY: Met a President, crazy for me!
OBAMA: Met a CFPB nominee, perfect as can be
BOTH: Summer regulation driftin’ away, to uh-oh those nominations nights
(Editor’s Note: Technically, Cordray’s nomination hearing before the Senate Banking Committee has been scheduled for the afternoon on Sept. 6. More details to follow in lyrics below.)
CONGRESS: Uh well-a well-a well-a huh
DEMOCRATS: Tell me more, tell me more. Will Cordray get very far?
GOP: Tell me more, tell me more. Like will he be a regulatory tsar?
CONGRESS: Uh-huh uh-huh uh-huh uh-huh
CORDRAY: It turned colder – that’s when my nomination run could end
OBAMA: But I told him we’d still be friends
CORDRAY: Then we made our true consumer protection vow
OBAMA: Wonder what Elizabeth Warren’s doing now
BOTH: CFPB dreams ripped at the seams, bu-ut oh, those regulation nights….
CONGRESS, CONSUMERS AND THE ENTIRE FINANCIAL SECTOR: Tell me more, tell me more!
(Editor’s Note: PYMNTS.com will have live coverage of Cordray’s nomination hearing this Tuesday, which is scheduled for 2:30 p.m. – 4:30 p.m. EST)