Quietly Killing a Consumer Watchdog

Posted in the Minneapolis Forum

Awful Truth

Saint Paul, MN

#1 Feb 11, 2013
Quietly Killing a Consumer Watchdog

http://www.nytimes.com/2013/02/11/opinion/qui...


If you’d like to know why Republicans are trying to shut down the Consumer Financial Protection Bureau, take a look at three things the agency has already accomplished in its first 18 months:


¶It called a halt to predatory practices by mortgage lenders, ensuring that borrowers are not saddled with loans they can’t afford and preventing brokers from earning higher commissions for higher interest rates.

¶It won an $85 million settlement from American Express, which it accused of deceptive and discriminatory marketing and billing practices.


...

The bureau cannot operate without a director. Under the Dodd-Frank law, most of its regulatory powers — particularly its authority over nonbanks like finance companies, debt collectors, payday lenders and credit agencies — can be exercised only by a director. Knowing that, Republicans used a filibuster to prevent President Obama’s nominee for director, Richard Cordray, from reaching a vote in 2011. Mr. Obama then gave Mr. Cordray a recess appointment, but a federal appeals court recently ruled in another case that the Senate was not in recess at that time because Republicans had arranged for sham sessions.

“The one and only Smart Liberal”

Since: Aug 12

Former MN Tax Payer

#2 Feb 11, 2013
The Consumer Financial Protection Bureau is a tool of the Obama Adinistration to use the State to control the private secor.

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As an economic system, fascism is socialism with a capitalist veneer. The word derives from fasces, the Roman symbol of collectivism and power: a tied bundle of rods with a protruding ax. In its day (the 1920s and 1930s), fascism was seen as the happy medium between boom-and-bust-prone liberal capitalism, with its alleged class conflict, wasteful competition, and profit-oriented egoism, and revolutionary Marxism, with its violent and socially divisive persecution of the bourgeoisie. Fascism substituted the particularity of nationalism and racialism—“blood and soil”—for the internationalism of both classical liberalism and Marxism.

http://www.econlib.org/library/Enc/Fascism.ht...

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This defines the crony capitalism of the Obama Adminsitration. Government chooses the winner and the losers in the private sector.
Full Truth

Saint Paul, MN

#3 Feb 12, 2013
Smart Liberal wrote:
The Consumer Financial Protection Bureau is a tool of the Obama Adinistration to use the State to control the private secor.
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As an economic system, fascism is socialism with a capitalist veneer. The word derives from fasces, the Roman symbol of collectivism and power: a tied bundle of rods with a protruding ax. In its day (the 1920s and 1930s), fascism was seen as the happy medium between boom-and-bust-prone liberal capitalism, with its alleged class conflict, wasteful competition, and profit-oriented egoism, and revolutionary Marxism, with its violent and socially divisive persecution of the bourgeoisie. Fascism substituted the particularity of nationalism and racialism—“blood and soil”—for the internationalism of both classical liberalism and Marxism.
http://www.econlib.org/library/Enc/Fascism.ht...
----------
This defines the crony capitalism of the Obama Adminsitration. Government chooses the winner and the losers in the private sector.
Sounds like you've been sleeping with Consistent.

The Consumer Financial Protection Bureau does a great service for middle and lower class Americans.

“The one and only Smart Liberal”

Since: Aug 12

Former MN Tax Payer

#4 Feb 13, 2013
Full Truth wrote:
<quoted text>
Sounds like you've been sleeping with Consistent.
The Consumer Financial Protection Bureau does a great service for middle and lower class Americans.
What does it do? Protect the ignorant from themselves?
Amused Slew

Seattle, WA

#5 Feb 13, 2013
Calling Americans ignorant is your election problem and there's a Hertz at Sea-Tac, right wing nut ??? LMAOROTFU~!

After all, we watched your excruciatingly exciting stupidity, EVERY DAY ~~! Got those photos, right ???

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