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

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  •  actually (0+ / 0-)

    did you read the citation? The Fed provides only 10% of the funding for the agency now. Most of the rest of the funding came from the Dodd frank bill which was 6 billion below what the president asked for. So according to that article it is not well funded to begin with.

    Also they congress is trying to deny the extra 200 million that congress can provide the fed. Read: " the Fed can go to Congress for an additional $200 million if needed."

    So yes, Congress CAN fund the CFPB.

    •  of course cfpb (0+ / 0-)

      needs a small share of that i.e. 500 million but still there was a lot of compromise made to make this agency which is the result of having republicans in the house and senate.

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