Showing posts with label CFPB. Show all posts
Showing posts with label CFPB. Show all posts

Wednesday, January 24, 2018

The Obama Government’s Secret Societies



A week after the election, groups inside and outside the government, some calling themselves Obama Anonymous, had begun meeting to plan the “resistance” to Trump. Unlike the angry protesters in the streets, this resistance wasn’t a new organization. It consisted of Washington D.C. government lifers.

At the CFPB, there was a group calling itself Dumbledore’s Army. Within the FBI and the DOJ, there was a nameless “secret society”. Its details are being derived from text messages exchanged between Peter Strzok, a disgraced member of Mueller’s team, and his mistress, Lisa Page, who worked for FBI Deputy Director Andrew McCabe....

The DOJ and FBI secret society, Dumbledore’s Army and Obama Anonymous are all holdovers from a radical administration that was obsessed with protecting its secrets and destroying its enemies.

In the summer of ’07, Obama promised that his would be the most transparent administration in history. "The real business of our democracy isn't done in town halls or public meetings or even in the open halls of Congress," he had complained. "Decisions are made in closed-door meetings, or with the silent stroke of the President's pen."

Then he went on to preside over a regime where the “stroke of the President’s pen” outweighed Congress. The real decisions weren’t even made in cabinet meetings, but with a close circle of advisers, like Ben Rhodes, whose proceedings weren’t revealed to the public.

Top administration figures like Secretary of State Hillary Clinton, Attorney General Eric Holder, Attorney General Loretta Lynch, HHS Secretary Kathleen Sebelius, EPA Administrator Lisa Jackson and the IRS’ Lois Lerner used secret email accounts to avoid transparency leading to major scandals. It was no coincidence that they were also at the center of some of the administration’s worst abuses....

Tuesday, November 28, 2017

Trump Is Right To Appoint A New CFPB Head. And Democrats Are Liars To Say He Can't.

UPDATE:










Monday, November 27, 2017

In essence the CFPB director position was created to work above the reach of any oversight; almost like a tenured position no-one could ever remove.











...When Senator Elizabeth Warren and crew set up the Director of the CFPB, in the aftermath of the Dodd-Frank Act, they made it so that the appointed director can only be fired for cause by the President.

This design was so the Director could operate outside the control of congress and outside the control of the White House. In essence the CFPB director position was created to work above the reach of any oversight; almost like a tenured position no-one could ever remove.

The position was intentionally put together so that he/she would be untouchable, and the ideologue occupying the position would work on the goals of the CFPB without any oversight.

Elizabeth Warren herself wanted to be the appointed director; however, the reality of her never passing senate confirmation made her drop out.

The CFPB Director has the power to regulate pensions, retirement investment, mortgages, bank loans, credit cards and essentially every aspect of all consumer financial transactions.

However, in response to legal challenges by Credit Unions and Mortgage providers, last October the DC Circuit Court of Appeals ruled that placing so much power in a single Czar or Commissioner was unconstitutional...

Monday, November 20, 2017

In essence the CFPB director position was created to work above the reach of any oversight; almost like a tenured position no-one could ever remove.



...When Senator Elizabeth Warren and crew set up the Director of the CFPB, in the aftermath of the Dodd-Frank Act, they made it so that the appointed director can only be fired for cause by the President.

This design was so the Director could operate outside the control of congress and outside the control of the White House. In essence the CFPB director position was created to work above the reach of any oversight; almost like a tenured position no-one could ever remove.

The position was intentionally put together so that he/she would be untouchable, and the ideologue occupying the position would work on the goals of the CFPB without any oversight.

Elizabeth Warren herself wanted to be the appointed director; however, the reality of her never passing senate confirmation made her drop out.

The CFPB Director has the power to regulate pensions, retirement investment, mortgages, bank loans, credit cards and essentially every aspect of all consumer financial transactions.

However, in response to legal challenges by Credit Unions and Mortgage providers, last October the DC Circuit Court of Appeals ruled that placing so much power in a single Czar or Commissioner was unconstitutional...

Thursday, August 21, 2014

Revolving door at regulator CFPB enables former bureaucrats to cash in at taxpayers' expense

What’s remarkable about the revolving-door action at the CFPB this year is that it’s completely unremarkable for the agency. - Timothy P. Carney/Washington Examiner @TPCarney

The Democratic Congress and the Obama White House created the CFPB with its 2010 Dodd-Frank financial regulation bill. The top aides to Messrs. Dodd and Frank, of course, have cashed out to K Street and Wall Street.

So have many of the regulators at the Federal Reserve, the Securities and Exchange Commission, and the Treasury Department who helped implement the rules required by the law.

But the CFPB was supposed to be different. Other financial regulators were “captured” by the industries they were supposed to regulate. One reason was the revolving door: play ball with the banks, and you’ve got a nice job waiting when you get sick of government work. So Congress thought it was time to replace those captured regulators with a new, un-captured regulator....

Wednesday, July 16, 2014

So shot-through with factual errors that the committee's Republican staff took the unusual step of pointing out six serious mistakes...

How could Bloomberg Businessweek reporter miss the Obama bundler in the CFPB renovation scandal? - Mark Tapscott/Washington Examiner

Sports reporters who never say anything critical of their local teams are known in the journalism profession as "Homers." Big government has its homers in the news media, too.

Consider, for example, Bloomberg Businessweek's Karen Weise, whose byline appeared earlier last week on a blatant example of Big Government Homerism....