Consumer Protection Agency

Discussion in 'Politics' started by ChkitOut, Sep 18, 2010.

  1. Um, I don't know a whole lot about how this new govt agency will
    be structured but am I the only one frightened that some
    bureaucrat in Washington can tell almost any business (auto dealers exempt) what they can or can't do??

    This all sounds a little (a lot) nuts to me.
  2. Maybe they can tell me how to get all the money that FEMA cheated me out of.
  3. I gotta tell ya...I have no idea how we became the richest and most powerful country in the world without the Consumer protection agency. How did we ever survive without them? /sarcasm off
  4. Arnie


    Whatever else can be said about this White House, it isn't afraid to poke a stick in the eye of its critics. How else to explain President Obama's decision Friday to put Elizabeth Warren in charge of the new Consumer Financial Protection Bureau while avoiding Senate confirmation and, for that matter, any political supervision.

    The chutzpah here is something to behold. The pride of Harvard Law School, Ms. Warren is a hero to the political left for proposing a new bureaucracy to micromanage the services that banks can offer consumers. But she is also so politically controversial that no less a liberal lion than Connecticut Senator Chris Dodd has warned the White House that she probably isn't confirmable. A President with more political and Constitutional scruple would have nominated someone else. Mr. Obama's choice is to appoint her anyway and dare the Senate to do something about it.