Consumer Financial Protection Bureau, neutered indefinitely

So the Elizibeth Warren nomination for the head of the Consumer Financial Protection Bureau was shot down a while back, which is something most of us are aware of - under the guise that Warren is an anti-business socialist liberal elitist blah blah blah blah.... Okay, sure. So let's get someone else in there then - oops, that didn't work out either...

The Republicans have decided that they will block any and all appointments to the Consumer Financial Protection Bureau unless Democrats agree to reform the agency. Sounds reasonable enough right? Nevermind that they already had a chance to get these reforms - they were offered and rejected - when the bill was passed the first time (with a few Republicans even voting for it)... SO, to what extent do the Republicans wish to rewrite this law?

Sen. Graham said:

"The reason Republicans don't want to vote for it is we want a board, not one person, making all the regulatory decisions, and there's no oversight under this person, He gets a check from the Federal Reserve -- we want it under the Congress so we can oversee the overseer."

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That almost sounds reasonable. I say almost, because to your ole' everyday regular joe hears that line and buys it. But I dont, and neither should anybody else. The truth is, a "bipartisan" board overseeing this agency only invites gridlock, giving congress veto power over any and all regulations invites gridlock, and relying on funds via congress invites corruption of the agency as well as another chance at gridlock.

What the Republicans are leaving out is that there is oversight and there are checks and balances - they are just detached from the broken political process that has proven itself more than capable of rendering this legislation moot. So what does that mean? It means that this is all a ploy by the Republicans to render the agency flaccid and useless. Dont buy it. We need the CFPB. Getting tired of the political gamesmanship yet? I know I am.

Yes, because we all know that more regulation will make things cost less and make us all so much safer.... NOT!

They are part of the problem, not part of the solution.

NLXSK1 said:

Yes, because we all know that more regulation will make things cost less and make us all so much safer.... NOT!

They are part of the problem, not part of the solution.

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There is little to no proof that regulations are a problem holding back economic growth in this recession. Republicans love to talk about regulations being so terrible for the economy but it just doesn't jibe with reality... Multiple studies have been done since 2008 debunking the idea that regulations are a problem in the current economic environment.

INC. Magazine rates the USA one of the most business freindly nations on the planet

NLXSK1 said:

Yes, because we all know that more regulation will make things cost less and make us all so much safer.... NOT!

They are part of the problem, not part of the solution.

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Maybe you can get a corporation to give you some transfat laden high fructose corn syrup rich cookies to eat with that kool aid you are drinking NLX

We definitely do not need a FEDERAL agency that is paid by a private corporation to oversee and protect all that the private corporation does. Just like putting the foxes in charge of prosecuting the other foxes who are guarding the chicken coop all night.

What we need are brave States attorneys who go after these big businesses and get lots of fucking injunctions against them and make those corporations PAY THROUGH THE MUTHAFUCKIN NOSE for all the fraud they have committed. Then we need people to be educated on the banking system, how central banks operate and how dumbed down everyone has become while their future is stolen with ever increasing effectiveness.