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Frightening article about the CFPB by a former employee.
Posted on 11/28/17 at 10:09 pm
Posted on 11/28/17 at 10:09 pm
This article is long, but explains everything you need to know about this draconian agency and the people who created it. Makes me want to string up some bureaucrats and politicians by their fricking necks.
This article really shines the light on how fricking authoritarian the left is and should piss off anyone who isn't a Marxist hack.
National Review
This article really shines the light on how fricking authoritarian the left is and should piss off anyone who isn't a Marxist hack.
quote:
The Tragic Downfall of the Consumer Financial Protection Bureau
quote:
Circumventing the Constitution took two steps. First, Democrats inserted a few clever workarounds into the Dodd-Frank Act, which created the CFPB on July 21, 2010. Commissions such as the one Warren first proposed are ostensibly bipartisan, so a president-appointed director would lead the new agency. Since there might be a Republican president one day, the director would be practically irremovable after Senate confirmation to a five-year term that could extend indefinitely until the next director’s confirmation. To prevent future Republican-led Congresses from cutting the bureau’s budget, funding would be guaranteed through Federal Reserve profits rather than taxpayer dollars.
Next, the enlarged new agency would be staffed with Democrats, top to bottom. There would not be a Republican director nominee for at least five years, and if one was ever confirmed, entrenched left-wing managers could undermine “attempts to weaken consumer protection.” The plan wasn’t perfect, but it was pretty good.
National Review
6
Posted on 11/28/17 at 10:27 pm to bhtigerfan
That’s a great piece. Thank you for posting it.
Posted on 11/28/17 at 10:53 pm to Lima Whiskey
How the frick did the Republicans and the Judiciary allow these fricksticks to create this monster?
It fricking sickens me.
It fricking sickens me.
Posted on 11/28/17 at 10:57 pm to bhtigerfan
quote:
How the frick did the Republicans and the Judiciary allow these fricksticks to create this monster?
Because most Republicans on The Hill want this just as much as the Democrats do.
Posted on 11/28/17 at 11:23 pm to bhtigerfan
All I know is that I've read many accounts on r/churning of people who, as a last resort, filed a CFPB complaint against a bank because it was denying to honor its contractual agreements.
Their stories make the CFPB sound like a useful institution that actually does help ordinary Americans when normally they'd be powerless against entities like Chase, Bank of America, or Citigroup.
Their stories make the CFPB sound like a useful institution that actually does help ordinary Americans when normally they'd be powerless against entities like Chase, Bank of America, or Citigroup.
Posted on 11/28/17 at 11:29 pm to just1dawg
quote:So, they may have assisted a few thousand ordinary Americans dispute some bullshite charges from a bank, while simultaneously shaking down large and small companies to fund their liberal slush fund.
Their stories make the CFPB sound like a useful institution that actually does help ordinary Americans when normally they'd be powerless against entities like Chase, Bank of America, or Citigroup.
Posted on 11/28/17 at 11:43 pm to bhtigerfan
quote:
How the frick did the Republicans and the Judiciary allow these fricksticks to create this monster?
Allow?
This has all been by design, baw.
Posted on 11/28/17 at 11:44 pm to just1dawg
Dodd Frank, the CFPB and even in recent years, the Fair Lending Act have done more damage than good. All of these regs/entities stifle what community and regional banks could do for their clients while making those smaller banks virtually identical regulatory wise to the larger multi-national banks.
Posted on 11/29/17 at 12:01 am to bhtigerfan
quote:
How the frick did the Republicans and the Judiciary allow these fricksticks to create this monster?
I don't remember many Republicans supporting this, if any at all. Remember, this came out of Dodd-Frank. The only Republican Senators who voted in favor of the Act were Grassley, Brown, Collins, and Snowe - all vulnerable and from swing states, not to mention none of them generally voted along party lines.
As to your second point, the Constitutional structure of the CFPB wasn't even challenged in the judiciary until 2016...
Where it was promptly smacked down to holy hell by a federal court. This was a follow-on attack to that initial ruling. I am not a legal guy by any means, but Kavanaugh's ruling is brilliant and should be read by anyone who cares about our structure of government.
Posted on 11/29/17 at 12:08 am to AbuTheMonkey
Damn. That was a long read but very informative.
Anyone who reads that and still thinks the Obama Administration had their hands clean, is missing a chromosome.
Anyone who reads that and still thinks the Obama Administration had their hands clean, is missing a chromosome.
Posted on 11/29/17 at 12:28 am to bhtigerfan
Posted on 11/29/17 at 5:31 am to bhtigerfan
quote:
How the frick did the Republicans and the Judiciary allow these fricksticks to create this monster?
It fricking sickens me.
Obama made it happen by EO during a recess.
One of many illegal and unconstitutional actions of his just now coming to light.
Posted on 11/29/17 at 5:37 am to bhtigerfan
I think we all owe Trump a huge debt of gratitude for drawing attention to this huge con.
Caught by the Jewish republican from Manhattan? Who would have thought that was even possible?
I can't wait for this gravy train to be shut the frick down.
Trump drawing this out in the media again.
quote:
Warren, who had hoped to be the CFPB’s first director, led the one-year agency-building process. She chose loyal Democrats to be her senior deputies; they hired like-minded middle managers, who in turn screened lower-level job seekers. It was too risky for interviewers to discuss politics, so mistakes were possible. I was one of them. As a Jewish graduate of a liberal college living on Manhattan’s Upper West Side, I fit the stereotypical Democratic profile. In fact, my primary influences were my business-school professors at the University of Chicago, the epicenter of free-market capitalism.
Caught by the Jewish republican from Manhattan? Who would have thought that was even possible?
quote:
Clear verbal and non-verbal signals quickly emerged. The most common, “I don’t think he believes in the mission” was code for “he might not be a Democrat.” At one meeting, Kent Markus, a former Clinton-administration lawyer who had joined the bureau as Cordray’s deputy, remarked that an applicant under consideration “sounds like a good liberal to me.” After a few seconds of nervous laughter and eye contact around the room, Markus recognized his slip. “I didn’t say that,” he awkwardly joked. The episode so unnerved one attorney that he never attended another hiring meeting.
I can't wait for this gravy train to be shut the frick down.
quote:
When Trump called her Pocahontas in 2016, the networks brought out the weasel words. ABC's Mary Bruce reported, "Friday night, Trump hitting hard, attacking her for once claiming she was Native American." Once claiming? She has claimed it for years. She claimed it throughout the 2012 campaign. She claimed it in five recipes she submitted to a "Pow Wow Chow" cookbook.
Trump drawing this out in the media again.Posted on 11/29/17 at 5:40 am to bhtigerfan
quote:
How the frick did the Republicans and the Judiciary allow these fricksticks to create this monster?
Didn't DEMs have a filibuster proof Senate in 2010?
And dominance in the House?
And a race-baiting mendacious Anti-American in the White House?
Posted on 11/29/17 at 5:41 am to ChineseBandit58
quote:
Didn't DEMs have a filibuster proof Senate in 2010?
And dominance in the House?
And a race-baiting mendacious Anti-American in the White House?
Yes
Yes
and Yes
Posted on 11/29/17 at 6:16 am to bhtigerfan
quote:
How the frick did the Republicans and the Judiciary allow these fricksticks to create this monster?
You're shittin' me right? When has the Reps ever punched the Dems in the mouth about anything?
Posted on 11/29/17 at 6:22 am to Skeet Mc
quote:
Dodd Frank, the CFPB and even in recent years, the Fair Lending Act
So whats your solution? Its easy to conplain. Do you want to have the same amount of regulation pre-recession? What if Wells Fargo opens a bunch of bew accounts in your name without your permission or knowledge, what do you think your remedy should be?
Posted on 11/29/17 at 6:31 am to Wtodd
quote:
You're shittin' me right? When has the Reps ever punched the Dems in the mouth about anything?
When have Republicans ever had a Filibuster proof Senate, House control, and the Presidency?
I'm 55 and they haven't had it in my lifetime.
Posted on 11/29/17 at 6:33 am to Loserman
Doesn't matter; the Reps and their fricked up leaders are all hat and no cattle. They should be running DC like they own it; which they do. Instead they're tip-toeing around on fricking eggshells.
Posted on 11/29/17 at 6:46 am to just1dawg
quote:
t, filed a CFPB complaint against a bank because it was denying to honor its contractual agreements
You sure it was the bank that wasn't honoring contractural agreements?
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