Friday, January 6, 2012

As Senate Republicans have been pointing out for months, Dodd-Frank threw out judicial review, removed CFPB from the congressional appropriations process, provided five-year tenure protection for the director and transferred the agency from the Treasury Department to the opaque and unaccountable Federal Reserve.

Obama’s super-czar is on the loose - Michelle Malkin

...White House Press Secretary Jay Carney told reporters Thursday that the administration expects no retaliation for the end-run around the deliberative process. Playing the pharaoh’s helper, Carney airily dismissed widespread bipartisan questions about the legality of the power grab as “esoteric discussion.”

...This is not “bold.” It’s jackboot. It won’t benefit “middle-class Americans.” It’ll line lobbyist pockets, soak taxpayer dollars and fuel a Beltway rule-making bonanza. It’s not about reining in Wall Street abuses. It’s about consolidating bureaucratic authority and granting unprecedented immunity to a single super-cop from congressional and public oversight.