Republicans in congress, in a disgusting craven crony gesture to American consumers, have been pushing for a change to the Dodd-Frank act by weakening the CFPB, the agency that Senator Warren suggested and was supposed to lead - before senate republicans blocked her confirmation.
The change would allow the CFPB to become another crony bureaucracy, a panel of 5 bi-partisan appointees instead of the current single director, Richard Cordray.
Since the creation of the CFPB, billions of dollars have been returned to consumers, essentially dark blood-on-my-hands money that corporations have been scamming grandma, investors, and consumers out over the years.
The SEC, FCC, and FDA cant do their jobs which has cost countless American lives, livelihoods and dreams- but the CFPB is actually helping consumers that aren't just wall-street monied interests. No-No goes Wall Street, you cant actually enforce laws that benefit people that we have taken advantage of they say.
Americans should take this news that these other corrupt government agencies, the FDA, FCC and the SEC, should be scrapped and replaced with single directors like the CFPB has been.
Congress doesn't do their job either, and want to make sure other agencies cant do their job, and that is exactly what congress is trying to do here - with the help of even a few democrats, like local congressman Denny Heck, D-WA, who support this change to weaken the CFPB.
Senator Warren is pissed, Barney Frank is pissed, and its time these crony American criminal corporations pulling the strings in DC are put behind bars, their assets seized, and their CEO's be treated like any other criminal.
http://www.huffingtonpost.com/entry/...b0dd85030a492d
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Nope and the only/major reason energy prices dropped so much is that Dodd Frank allows the CTFB( commondities trading future board) to limit speculation by banks. But the board had a majority of repubs on it, which would not limit the speculation which under Bush increased 400%( from 20% to 80% of the market) and then so did prices...
As the repubs terms expired, the repubs in the senate filibustered new appointments to the board so it coudl not conduct business. When Reid ended the repubs filbuster of anything but judges, Obama appointed new DEM board members which then re instituted speculation limits like the ones that were passed by FDR in 1938, and Oil spculaion beame so unprofitable, that the Big Banks closd their oil trading desk.
This so outraged Repubs, that they tried to cut the CTFB board funings so thye could not enforce the speculation limits.
Its amazing that the repub seeple who vote repubs , dont understand it was your own party driving up energy cost for a decade.... and trying to do that still....
Regards,
Viper
The change would allow the CFPB to become another crony bureaucracy, a panel of 5 bi-partisan appointees instead of the current single director, Richard Cordray.
Since the creation of the CFPB, billions of dollars have been returned to consumers, essentially dark blood-on-my-hands money that corporations have been scamming grandma, investors, and consumers out over the years.
The SEC, FCC, and FDA cant do their jobs which has cost countless American lives, livelihoods and dreams- but the CFPB is actually helping consumers that aren't just wall-street monied interests. No-No goes Wall Street, you cant actually enforce laws that benefit people that we have taken advantage of they say.
Americans should take this news that these other corrupt government agencies, the FDA, FCC and the SEC, should be scrapped and replaced with single directors like the CFPB has been.
Congress doesn't do their job either, and want to make sure other agencies cant do their job, and that is exactly what congress is trying to do here - with the help of even a few democrats, like local congressman Denny Heck, D-WA, who support this change to weaken the CFPB.
Senator Warren is pissed, Barney Frank is pissed, and its time these crony American criminal corporations pulling the strings in DC are put behind bars, their assets seized, and their CEO's be treated like any other criminal.
http://www.huffingtonpost.com/entry/...b0dd85030a492d
Quote:
Nope and the only/major reason energy prices dropped so much is that Dodd Frank allows the CTFB( commondities trading future board) to limit speculation by banks. But the board had a majority of repubs on it, which would not limit the speculation which under Bush increased 400%( from 20% to 80% of the market) and then so did prices...
As the repubs terms expired, the repubs in the senate filibustered new appointments to the board so it coudl not conduct business. When Reid ended the repubs filbuster of anything but judges, Obama appointed new DEM board members which then re instituted speculation limits like the ones that were passed by FDR in 1938, and Oil spculaion beame so unprofitable, that the Big Banks closd their oil trading desk.
This so outraged Repubs, that they tried to cut the CTFB board funings so thye could not enforce the speculation limits.
Its amazing that the repub seeple who vote repubs , dont understand it was your own party driving up energy cost for a decade.... and trying to do that still....
Regards,
Viper