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View Diary: The problem with Richard Cordray (180 comments)

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  •  well (0+ / 0-)

    Betty I completely disagree

    I want to thank our witnesses for being here. Your presence here proves what's wrong with this country. ~ Rep. Dennis Kucinich D-Ohio (House education and workforce committee hearing to explore the 'fair labor' law)

    by anyname on Mon Jul 18, 2011 at 10:34:59 AM PDT

    [ Parent ]

    •  I wish I were wrong (3+ / 0-)
      Recommended by:
      orlbucfan, Lawguy101, stevej

      I'd love nothing more.  But I don't see Obama campaigning heavily on pro-consumer issues simply because as an incumbent, he can't back it up with anything concrete.

      That said, consumer advocacy is definitely in vogue, more than it has been since the 70's.  Any smart politician should be engaging in it at the legislative level.  If they have more than promises to offer,  a pro-consumer campaign platform is a real winner.

      "My father always told me that all businessmen were sons of bitches, but I never believed it until now." - JFK during the 1962 Steel Crisis

      by Betty Pinson on Mon Jul 18, 2011 at 10:40:20 AM PDT

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      •  that abstract theory (0+ / 0-)

        listen to the speech but since you are anti-Obama I don't expect  you to agree with me; your reply to my comment was intended as sounding board for your P.O.V.; it's kind of an obsessive thing with you IMHO

        I want to thank our witnesses for being here. Your presence here proves what's wrong with this country. ~ Rep. Dennis Kucinich D-Ohio (House education and workforce committee hearing to explore the 'fair labor' law)

        by anyname on Mon Jul 18, 2011 at 11:08:42 AM PDT

        [ Parent ]

      •  loan safe (0+ / 0-)

        Excerpt

        http://www.loansafe.org/...

        Loan Safe:

        The Consumer Financial Protection Bureau (CFPB) today released a report chronicling its work to build the agency from the ground up since the passage last year of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).

        “This agency was created one year ago to stand up for consumers, and we are ready to get to work,” said Elizabeth Warren, Assistant to the President and Special Advisor to the Secretary of the Treasury on the CFPB. “From the very start, we have been committed to accountability and to actively engaging the public in the agency’s work. This report highlights what we have done and what we will do to make markets work for American families.”

        Prior to the passage of the Dodd-Frank Act, consumer financial protection had not been the primary focus of any federal agency, and no agency had effective tools to set the rules for and oversee the whole market. The consumer agency was created to increase government accountability and efficiency by consolidating consumer financial protection authorities that had existed across seven different federal agencies into one. The CFPB will help consumer financial markets work better by making rules more effective, consistently and fairly enforcing those rules, and empowering consumers to take more control over their economic lives.

        Over the course of the last year, CFPB has hired nearly 500 employees – roughly half of them new hires and half transferring from other federal agencies. The leadership and staff of the CFPB is diverse, with people coming from a variety of backgrounds – public and private, banking and non-banking, large institutions and small institutions, academic and non-profit – bringing a variety of perspectives and viewpoints.

        I want to thank our witnesses for being here. Your presence here proves what's wrong with this country. ~ Rep. Dennis Kucinich D-Ohio (House education and workforce committee hearing to explore the 'fair labor' law)

        by anyname on Mon Jul 18, 2011 at 11:11:17 AM PDT

        [ Parent ]

      •  Cannot see Obama (0+ / 0-)

        suddenly working on the side of consumers.  

        A Neolib economic policy has no need of consumer protection because the unfettered market always pops out the best possible result. (Wow did people really win prizes for coming up with that shit?)

        Anyway back to the plot. Wouldn't the fact that a consumer protection body is required render Neoliberal economics fatally flawed as it undermines it at first principle level?

        Obama is going to become a pretzel if he doesn't underpin his office with some philosophy at some point.

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