http://blogs.reuters.com/breakingviews/2012/02/23/new-us-finance-sheriff-carves-out-shadowy-domain/ Sun, 28 Apr 2013 15:49:48 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/breakingviews/2012/02/23/new-us-finance-sheriff-carves-out-shadowy-domain/comment-page-1/#comment-8894 realpolice Mon, 27 Feb 2012 18:06:24 +0000 http://blogs.reuters.com/breakingviews/?p=9616#comment-8894 Talk about being out of touch! Consumers are not endangered by payday loans. Nobody is forcing us to use them, and it’s unclear how many actually do use them... Yet far too many of us took out risky mortgages to buy over-valued homes in our communities. Interest rates are at an all time low, yet many of us can not refinance, or even find our mortgages as they have changed so many hands in the derivatives market. What’s being done about that? Talk about being out of touch! Consumers are not endangered by payday loans. Nobody is forcing us to use them, and it’s unclear how many actually do use them… Yet far too many of us took out risky mortgages to buy over-valued homes in our communities. Interest rates are at an all time low, yet many of us can not refinance, or even find our mortgages as they have changed so many hands in the derivatives market. What’s being done about that?

]]> http://blogs.reuters.com/breakingviews/2012/02/23/new-us-finance-sheriff-carves-out-shadowy-domain/comment-page-1/#comment-8891 limapie Fri, 24 Feb 2012 17:42:15 +0000 http://blogs.reuters.com/breakingviews/?p=9616#comment-8891 What is the cost to taxpayers? This huge agency (CFPB) mushroomed in size from zero to 700 federally paid employees in just four months! AND it is still growing! Are there enough cash stores to monitor with all those expensive new hires? Dodd-Frank has it that eventually there will be a CFPB guy housed in practically every financial business, watching all that goes on. No paper can come into a business nor leave a business without first having to pass the CFPB's desk for rubber stamping! What is the true COST---and not just in dollars and cents----in FREEDOM? I would hope and pray that the democrats lose the next election big-time, and the incoming electeds will corral this agency under the constitution like it should have been from the beginning. And there is some good news....Elizabeth (Commy) Warren isn't winning her MA senate seat according to the polls. There are at least SOME thinking voters out there. Let's get this CFPB under wraps like it should be. What is the cost to taxpayers?
This huge agency (CFPB) mushroomed in size
from zero to 700 federally paid employees
in just four months! AND it is still growing!
Are there enough cash stores to monitor with
all those expensive new hires?
Dodd-Frank has it that eventually there will
be a CFPB guy housed in practically every financial
business, watching all that goes on. No paper
can come into a business nor leave a business
without first having to pass the CFPB’s desk for
rubber stamping!
What is the true COST—and not just in dollars
and cents—-in FREEDOM?
I would hope and pray that the democrats lose the
next election big-time, and the incoming electeds
will corral this agency under the constitution
like it should have been from the beginning.
And there is some good news….Elizabeth (Commy)
Warren isn’t winning her MA senate seat according
to the polls. There are at least SOME thinking voters
out there.
Let’s get this CFPB under wraps like it should be.

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