January 4, 2012 - 4:23 PM
President Barack Obama shakes hands with Richard Cordray at Shaker Heights High School,Wednesday, Jan. 4, 2012, in Shaker Heights, Ohio. In a defiant display of executive power, President Barack Obama on Wednesday will buck GOP opposition and name Cordray as the nation's chief consumer watchdog. Outraged Republican leaders in Congress suggested that courts would determine the appointment was illegal. (AP Photo/Tony Dejak)