I deal with legal counsel all the time, they’re not always right. In this case they were and shame on the democrats for trying this stunt. However, Mick Mulvaney is not exactly a good pick for the CFPB. So we know the American people are about to be screwed. Trump is going to dismantle an important agency only to benefit big banks and lenders. Let’s not kid ourselves, we are regressing to a regulatory climate that fostered the Great Recession.
Dodd Frank stipulated how the hiring process was to be done for that department head is my understanding?
Dodd-Frank Bill. The irony of the two clowns most responsible for the 2008 collapse having a financial regulation/reform bill named after them. Both of them should have been waterboarded out on the National Mall and then sent to Gitmo.
Surprise, surprise the democrats did it while the republicans controlled the entire government. Lame. Try again.
The point you made is incorrect because it stated Dodd and Frank were “most responsible” for 2008. (Everybody get your Reynolds wrap ready. I have a feeling the kool aid is about to get thick.)
Democrats Set Up Unconstitutional CFPB to Launder Money for Liberal Causes Nov 28, 2017 RUSH: The Consumer Financial Protection Bureau. This is another little liberal enclave that was established by liberal Democrats, including Elizabeth Warren, that was set up as an agency that was unaccountable to anyone. It even had a budget that was unaccountable to the U.S. budget. Barney Frank and Chris Dodd set this thing up and Elizabeth Warren was the real driver of this particular organization, the Consumer Financial Protection Bureau. I went through yesterday a number of descriptions of what it is and how it was set up, but let me just boil it down to the bare essence. The Consumer Financial Protection Bureau was an independent agency set up in violation of Article 2 of the United States Constitution, which allowed the Democrats to have oversight over the financial industry in America, lending institutions, banks, and you name it. And they were under the guise of protecting consumers. But that’s not what this organization did. What this organization did was launder money. It was nothing more than a money-laundering scheme. And it had another purpose. The fines that it levied for anti-consumer policies and anti-consumer behavior at these banks, what do you think they did with the money? The CFPB was a pass-through, and the fine money was given to Planned Parenthood, the National Organization for Women, or take your pick of any left-wing activist group. This was an independent agency set up to be able to legally get money from the financial industry and then turn around and give it to left-wing activist groups. And that’s what they were doing with it. And that’s why they are so desperate to hold on to it. The point is, it’s unconstitutional, and that’s the only thing that matters. You know, the left is caught here. Because as the controversy has arisen over should it be Mick Mulvaney, Trump’s guy that runs this, or should it remain Richard Cordray, he was the director. And the way this thing was set up, the director gets to name his successor. Congress cannot pass a law like this. That’s unconstitutional. The thing wouldn’t survive five minutes at the Supreme Court. more here... https://www.rushlimbaugh.com/daily/...nal-cfpb-to-launder-money-for-liberal-causes/