boutons_deux
05-09-2011, 08:30 AM
Republicans to Consumer Financial Protection Bureau: Drop Dead
In a new effort to guarantee the continued right of banks to loot and pillage, 44 Republican senators have written to Obama saying that they won’t approve of any head of the Consumer Financial Protection Bureau ex what these Ministers of Truth choose to call a “restructuring” of the agency.
The real issue, of course, is that an effective CFPB will commit crimes against banking (note that crimes against banking can get you put in jail in Switzerland and they don’t mean just robbing banks. Damaging the reputation of banks also qualifies). Financial firms have behaved so badly in the consumer arena that even a half-hearted effort at consumer protection will inevitably create bad press about banking practices. So it is absolutely necessary to hobble the agency.
http://www.nakedcapitalism.com/2011/05/republicans-to-consumer-financial-protection-bureau-drop-dead.html
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Repugs always protecting the Coporate-Americans and wealthy, always fucking over the Human-Americans.
In a new effort to guarantee the continued right of banks to loot and pillage, 44 Republican senators have written to Obama saying that they won’t approve of any head of the Consumer Financial Protection Bureau ex what these Ministers of Truth choose to call a “restructuring” of the agency.
The real issue, of course, is that an effective CFPB will commit crimes against banking (note that crimes against banking can get you put in jail in Switzerland and they don’t mean just robbing banks. Damaging the reputation of banks also qualifies). Financial firms have behaved so badly in the consumer arena that even a half-hearted effort at consumer protection will inevitably create bad press about banking practices. So it is absolutely necessary to hobble the agency.
http://www.nakedcapitalism.com/2011/05/republicans-to-consumer-financial-protection-bureau-drop-dead.html
===========
Repugs always protecting the Coporate-Americans and wealthy, always fucking over the Human-Americans.