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View Diary: Response to: About that boot on your throat (78 comments)

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  •  In other words, so far the CFPB is a joke. (3+ / 0-)

    Basically all they are doing is redesigning forms and providing online calculators rather than doing any real consumer protecting. Which is really sad because of all the meaningless crap that is in Dodd-Frank, this is perhaps the only thing that actually keeps bankers up at night.

    So naturally, a limp-wrist banker is put in charge of it to spend his time there redesigning forms.

    •  read my response above (1+ / 0-)
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      The CFPB is a joke because congress didnt fund it and the senate needs to approve its director both of which havent happened because liberals sat on their hands and allowed the repubs to take charge in 2010. Stop playing the blame game and get some progressives in congress.

      •  Sigh. Not this again. (1+ / 0-)
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        You are just woefully uninformed. That is clear. And obviously you will hear nothing to contrary of the facts. So this is going to be a pointless conversation.

        •  i can say the same about you (1+ / 0-)
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          Not this silly blaming of obama for something that is clearly not his fault again.

          •  So you are saying Obama did not appoint (1+ / 0-)
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            dewley notid

            Raj Date to the CPFB. Your saying he's there by someone else's machinations?

            Or are you saying that because Obama couldn't get a director appointed through the Senate, that therefore he can't instruct Raj Date to do what he would have told a confirmed director to do?

            Or is that rulemaking doesn't become operative until there is a confirmed director?

            Or what...exactly is your argument that this weak agency that is rewriting forms is someone else's responsibility?

            Please, tell me where the buck stops because for you all it never seems to stop where Truman thought it ought to.

            •  Im saying we would have had (0+ / 0-)

              Elizabeth Warren running the dept right now if it wasnt for the republican promise that they would filibuster any nominee which was the result of liberals sitting on their hands in 2010.

              •  And what i'm saying is (1+ / 0-)
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                dewley notid

                that nothing is stopping the President from saying "Hey about you write a rule on payday lending? Hey..what the hell is going on with check cashing places? Hey why the fuck am I still getting letters about outrageous credit card fees? YO RAJ...WHAT THE FUCK ARE YOU DOING OVER THERE REDESIGNING THE FAFSA FORM?"

                Rulemaking. Write the new rules. And then when you've got the proper for example..A MAJOR DEFENSE BILL..(lol), you use that leverage to win your director. You pit the military against the bankers and you only accept defeat when they gather up 2/3rds to override. THATS how you get shit done when you're determined to get things done.

                That's what an assertive, active president does. That's what this President does when it suits his interests. He's done it before.

                But it doesn't now. The reason this agency is timid isn't Congress' fault. It isn't somebody else's fault no matter how much you try to shift the blame everywhere but where it belongs. It is is because the President needs a great deal of money to get reelected and a shitload of that is coming from Wall Street (check his list of bundlers if you dont believe that either).

                •  no youre right about that (1+ / 0-)
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                  Partially. But the conclusion that Obama is selling out to the banks doesnt follow. If he really wanted to sell out it wouldnt have made its funding so independent as you so articulately pointed out.

                  Maybe, they could be working on multiple things at once, and the FAFSA form may be the simplest and the one they finished first and touting first. Maybe the other stuff is on the way.

                  What Im saying is don't jump to conclusions so fast. Elizabeth warren touted Date. He worked under her. She hired him. Developing rules take time.

                  •  i would agree with you (1+ / 0-)
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                    On continuing to pressure obama about tough rules on payday lending etc. But the idea that just because they pulled an unimportant regulation first (and its still one that liberals should support btw) doesnt mean that Obama is a sell out.

                    There is a huge gap between that evidence and that conclusion.

            •  also read the following about Raj (1+ / 0-)
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              "He left the banking industry in 2009 to start a nonprofit think tank devoted to promoting the regulation of financial firms. When Warren hired him, she cited his ability to keep the CFPB at “the cutting edge” of the financial industry."

              If he is good enough for Warren he is good enough for me.

    •  "limp-wrist" meaning what? (1+ / 0-)
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      second gen

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