President Obama says he will continue to push for his nominee to head the CFPB after Republicans...


President Obama says he will continue to push for his nominee to head the CFPB after Republicans blocked Richard Cordray's nomination again. GOP lawmakers see the fledgling agency holding too much power, befuddling Obama who says "this makes absolutely no sense."

Comments (12)
  • Native Texan
    , contributor
    Comments (276) | Send Message
     
    Good for the Republicans!!
    8 Dec 2011, 02:21 PM Reply Like
  • davidingeorgia
    , contributor
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    Of course it makes no sense to him. He doesn't believe there should be any limits whatsoever on government power.
    8 Dec 2011, 02:22 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3130) | Send Message
     
    "The bureau will be an independent unit located inside and funded by the United States Federal Reserve, with interim affiliation with the U.S. Treasury Department. It will write and enforce bank rules, conduct bank examinations, monitor and report on markets, as well as collect and track consumer complaints."

     

    http://bit.ly/uWNpzF

     

    The Federal Reserve is not the US Government. So, technically, it's more power to the Federal Reserve.
    8 Dec 2011, 02:29 PM Reply Like
  • wyostocks
    , contributor
    Comments (9113) | Send Message
     
    herrhanse
    And you point is?
    8 Dec 2011, 02:30 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3130) | Send Message
     
    It was a correction of his statement, to make it more clear.
    8 Dec 2011, 02:33 PM Reply Like
  • davidingeorgia
    , contributor
    Comments (2661) | Send Message
     
    There's nothing incorrect about:

     

    "He doesn't believe there should be any limits whatsoever on government power."

     

    If you think Ben Bernanke and his minions are independent of the federal government (or the crony capitalists the politicians in the federal gov't are in bed with), you're delusional.
    8 Dec 2011, 02:59 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3130) | Send Message
     
    Depends upon how you define "independent". The Federal Reserve has far more influence over the economy than the US Government.
    8 Dec 2011, 03:04 PM Reply Like
  • Windsun33
    , contributor
    Comments (4431) | Send Message
     
    I just don't see the point in yet another useless, innefectual, and toothless agency that won't do anything.

     

    I recall a few years back congress passed the "do not call" bill with great fanfare. I have had my number on that list for years, yet just today I got 5 calls trying to sell me crap. This is typical of 90% of these government programs that are highly touted but do nothing but suck up tax money.
    8 Dec 2011, 02:36 PM Reply Like
  • Herr Hansa
    , contributor
    Comments (3130) | Send Message
     
    Completely agree with you on that. What use is oversight and collecting of complaints from consumers, if nothing is done about it? The Office of Comptroller of the Currency previously held responsibility for managing credit card companies, though the only company they ever went after successfully was Providian Financial.
    8 Dec 2011, 02:42 PM Reply Like
  • Anwar Bhamla
    , contributor
    Comments (100) | Send Message
     
    Has Obama heard of recess appointment?

     

    Or is he just a toothless chicken?
    8 Dec 2011, 02:41 PM Reply Like
  • Native Texan
    , contributor
    Comments (276) | Send Message
     
    Just like a Democrat... always willing to usurp the system to accomplish what they want. Put it up for a vote and if it fails, sue or find another way around the will of the people.
    8 Dec 2011, 03:37 PM Reply Like
  • torahislife
    , contributor
    Comments (400) | Send Message
     
    Poor widdle Obama was "befuddled"?

     

    Just chant "Yes We Can" and make it all better.
    8 Dec 2011, 03:34 PM Reply Like
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