43 GOP Senators Threaten Obstruction Unless Consumer Protection Bureau Is Weakened

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    Re: 43 GOP Senators Threaten Obstruction Unless Consumer Protection Bureau Is Weakened

    The arrogant Obama Administration considers the Constitution an "obstruction".

    Obama placed Cordray in the position through a recess appointment on Jan. 4, 2012.

    The next day, however, a federal appeals court ruled that similar recess appointments made to the National Labor Relations Board were unconstitutional, calling into question the validity of Cordray’s appointment.

    The CFPB has more power and authority than almost any independent agency in history and asking them to present a budget to Congress for approval is a very modest request.

    The Consumer Protection Bureau itself is arguably unconstitutional under the Supreme Court’s Free Enterprise Fund decision issued in 2008.  Like the federal agency struck down there, the Bureau is not subject to any ongoing Executive Branch authority, as it is an independent agency overseen by an independent agency.  It is not subject to any Congressional authority, because it is statutorily empowered to set its own budget, and raise its own funds through the Federal Reserve Board.  It is even exempted from at least some judicial review.

     
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    Re: 43 GOP Senators Threaten Obstruction Unless Consumer Protection Bureau Is Weakened

    In response to ComingLiberalCrackup's comment:

    The arrogant Obama Administration considers the Constitution an "obstruction".

    Obama placed Cordray in the position through a recess appointment on Jan. 4, 2012.

    The next day, however, a federal appeals court ruled that similar recess appointments made to the National Labor Relations Board were unconstitutional, calling into question the validity of Cordray’s appointment.

    The CFPB has more power and authority than almost any independent agency in history and asking them to present a budget to Congress for approval is a very modest request.

    The Consumer Protection Bureau itself is arguably unconstitutional under the Supreme Court’s Free Enterprise Fund decision issued in 2008.  Like the federal agency struck down there, the Bureau is not subject to any ongoing Executive Branch authority, as it is an independent agency overseen by an independent agency.  It is not subject to any Congressional authority, because it is statutorily empowered to set its own budget, and raise its own funds through the Federal Reserve Board.  It is even exempted from at least some judicial review.




    The fillibuster is unconstitutional.  You can't wrap yourself in the constitution while wiping your 8ss with it.  You can't have it both ways.

     

     
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    Re: 43 GOP Senators Threaten Obstruction Unless Consumer Protection Bureau Is Weakened

    Republicans hate the CFPB, the FDA, the EPA, the Post Office, sex education, gun research by the CDC and ATF, the Census Bureau, student loan programs and any other government program that protects, educates, and informs the public.

    They love a lack of regulation.  Weak or zero regulation produces bank failures, unsafe food, unsafe water, air and soil, unsafe pharmaceuticals and causes large scale public suffering.

    Most Americans need and deserve protection from these cretins before they destroy our lives, either by white collar crime, by assault weapon, by pharmaceutical product or by some consumer product.

    The Consumer Financial Protection Bureau wants to protect Americans and the GOP hates that idea just as much as it hates America. 

     

     
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    Re: 43 GOP Senators Threaten Obstruction Unless Consumer Protection Bureau Is Weakened

    People only whine about the filibuster when they are on the wrong side of it.

     
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    Re: 43 GOP Senators Threaten Obstruction Unless Consumer Protection Bureau Is Weakened

    In response to GreginMeffa's comment:

    In response to WhatDoYouWantNow's comment:

     

    If they're not going to do away with filibusters, I think at the very least they should make the would-be buster stand up and talk, old school.  It should be just as obnoxious for all involved as it is for the citizen  now.

     




    I'm down wit dat, buts up to them and only them.  THAT actually IS in the constitution

     



    I second that response

     
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    Re: 43 GOP Senators Threaten Obstruction Unless Consumer Protection Bureau Is Weakened

    Shouldn't we be pushing for more truly independent oversight bureaus in DC and not less...?

    Given the circumstances of the 2008 crash, is there anyone who thinks the then-current regulatory agencies were sufficient...?  Really??

    Are some people that disdainful of consumers to think they don't merit some protections in the murky, highly risky consumer finance area...?

    It's one thing to say that certain industry regulations require better enforcement of current rules...and quite another to deny those agencies the resources with which to do their jobs.  If we can give intel and defense agencies every tool, trick and toy under the sun, then we can certainly give a little more to agencies tasked to prevent mass wire and bank fraud, predatory lending and usurious practices.

    History has proven that the banks and financiers are either unable or unwilling to ethically, properly police themselves.  Someone has to do it.  Even the Wild West had marshals.

     

     

     
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