GOP Continues to Strangle CFPB in Its Crib

[eynon81]

[Revenant]

[Indy]

What I love most is the statement that they're all about consumer protection, and yet they can't kill any consumer protection measure fast enough.

[eynon81]

[Indy]

All anybody has to remember is that the GOP cannot bend over backwards enough to make sure that Wall St. is able to prey on American consumers at-will.

Granted, the Dems are almost as complicit but the GOP is downright defiant in their ideology that they are here to protect Wall St. from you, and not the other way around.

Now that's what I call liberty!

[John Galt]

indy the path to hell is lined with good intentions

good intentions like lowering standards for getting mortgages so everyone can get a slice of the american dream
that turned out so well

in this case, the good intentions are "consumer financial protection bureau". just because the republicans are lined up against it doesn't mean they are against "consumer financial protection". it means they are against the bureau and with good reason. this monstrosity lacks accountability to congress and is therefore not a servant of the people, it's a servant of itself.

congress has created other things like this before (good intentioned policy that made something that wasn't answerable to others and justified it's own existence to no one), such as the independent counsel. what a piece of work that was... congress has since realized its mistake. of course, the independent counsel could be dismissed for "good cause", unlike the CFPB director, and i don't think set it's own budget. which makes this thing all the worse

[Indy]