The Dodd-Frank financial regulatory bill may not be perfect but it is better than nothing. Donald Trump is now planning to gut it because, as he so bluntly put it, his friends can’t get loans “We have some of the bankers here. There’s nobody better to tell me about Dodd-Frank than Jamie, so you’re going …
Tag: Consumer Financial Protection Bureau
The current chairperson of the Democratic Party, Debbie Wasserman-Schultz is part of the reason Democrats are losing in congressional and state races. She exemplifies the truth in President Harry Truman’s statement that “given the choice between a republican and a democrat who acts like a republican, the voter will choose a republican every time.” DWS …
Back in April, we put together an episode to go over the different attacks being levied against the Consumer Financial Protection Bureau (CFPB) and Elizabeth Warren. And last week, during a House Oversight subcommittee hearing that we covered extensively, the animosity harnessed in the legislation we summarized was clearly on display.
The treatment of Ms. Warren is crucial to understanding the motivations behind the attempts to strip the CFPB of power before any of its authority goes into effect. We knew this issue was going to heat up as we drew nearer to July, when much of the CFPB’s authority becomes active.
To account for recent developments, we are re-releasing Episode 10, entitled “Stopping CFPB”. Along with it is an up-to-date one page summary that accounts for recent developments.
Updated one-pager below the fold.
UPDATE: Wow. That was fast. The Chairman’s facebook page been taken over by requests for an apology, his wikipedia page has a new entry in his long (seriously long) list of controversies, and there is already an ActBlue page setup to defeat him.
We at Main Street Insider are providing this ActBlue information, not because we are endorsing anyone in any race, we are not, but because we believe it to be relevant information to this story.
UPDATE II: Congressman John Yarmuth’s office has posted a clip of his comments on the tone of today’s hearing. Video embedded at the bottom of this post, definitely worth watching.
UPDATE: We reached out to the press team in Chairman McHenry’s office. We were not able to reach someone immediately. We await their reply and, should we get one, will share it unedited with you.
Well, that was… ummm… interesting. Not sure I’ve ever seen a hearing end quite like this one did. Chairman McHenry basically ended the meeting by accusing Elizabeth Warren of outright lying. This is representative of the treatment she received throughout the hearing.
Transcript below the fold…