And Amateur Hour Continues…
Via WaPo: The CFPB now has two acting directors. And nobody knows which one should lead the federal agency.
President Trump and the outgoing head of the Consumer Financial Protection Bureau both named acting directors to head the watchdog agency on Friday, throwing its leadership into disarray.
Legal analysts were split over whether the White House or the CFPB had authority to name an acting director, with each side citing the fine print of dueling federal rules. Some added that the laws were open to interpretation and that the courts ultimately would have to decide the matter.
This is going to the Courts…..
Does anyone think Leandra English would voluntarily subject herself to the dogfight that is coming? The Trump bunch excels in the art of personal destruction. If she is doing this on principle she is a saint.
Why would someone get to name their own acting director as they leave the agency? Does any agency act that way?
I think Cordray (sp?) should have stayed put, since anyone Trump replaced him with would work to destroy the CFPB. But if he leaves, Trump gets to replace him.
Terribly amateur. The CFPB is now going to appear in the news every few months. Over time, the voters are going to learn about this move by establishment DC to install unaccountable bureaucrats, ones above even Congress. It’s all very European. It is also a very direct next step toward the Zwangswirtschaft of the Nazis that has been the long march since the New Deal.
Added bonus, with dueling directors the employees, who given their coming on board with Warren, are likely not fans of making America great again. But now, if they impede by throwing their bureaucracy around, they run the risk of coming out on the wrong side of the director battle and loss of influence. This is an excellent way to turn on the spotlight as well as freeze the agency while this trundles through the courts.
And as people become aware of this unaccountable agency with it near unlimited ability to harass citizens, this “compulsory economy” of the Nazis, it will be tied to Elizabeth Warren, “fascist”.
Oh, so an organization set up to protect consumers, and one which may just be too effective for certain people, is now the next step towards the Nazis? What a good little lackey you are for corporations…
@JKB:
Oh my god, this Agency is a gateway to fascism in America!
Fraulein Elizabeth Warren will be re-christened ‘Maria Braun.’
@JKB: “The CFPB is now going to appear in the news every few months. Over time, the voters are going to learn about this move by establishment DC to install unaccountable bureaucrats, ones above even Congress.”
You really believe that in a public fight between regulators who have been made mostly immune from interference by congressmen who have been bought and paid for by Wall Street and Republicans who ran claiming to rein in the banks but are actually removing all constraints from them so that they can recreate 2008, the public is going to side with Goldman Sachs and the politicians on its payroll? What world do you live in?
@An Interested Party:
Amateur Hour, Monday edition: Holding a ceremony honoring Navajo Code Talkers in front of a portrait of Andrew Jackson.
This entire administration couldn’t run Bluth’s Banana Stand.
@JKB: All that quote does is show von Mises was wrong about everything. Seventy years afterward, not a single social democracy has become like Nazi Germany, while the sole attempt to explicitly reorder a country in von Mises image (Chile) was a dictatorship torturing people in public.
Which, of course, explains why JKB would use it to make his delusional point…