| ► Trump defends abolishing Consumer Financial Protection Bureau |
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Trump defends abolishing Consumer Financial Protection Bureau
Shortly after Richard Cordray, the director of the Consumer Financial Protection Bureau (CFPB) announced his resignation he immediately selected Deputy Director Leandra English to temporarily take his place until a new director was nominated and then approved by the Senate.
Cordray’s conduct in appointing Ms. English was in accordance with the Dodd-Frank Act passed by Congress several years ago. Put simply, Dodd-Frank specifically calls for the Assistant Director to take over in the event the Director is no longer available, which is exactly what happened.
Following the law didn’t sit well with The Great Leader who is hell bent on destroying any rules/laws/legislation that came about during President Obama’s tenure. In respond to Mr. Cordray’s lawful conduct, The Great Leader appointed White House budget chief and former Rep. Mick Mulvaney (M&M) to replace Mr. Cordray.
In making his illegal appointment, The Great Leader spewed forth the following asinine tweet:
While in Congress, Mulvaney worked to destroy the CFPB and in fact vowed. In the recent past, the CFPB has successfully collected well over $10 billion from corporations, credit card companies and/or banks that have intentionally cheated and/or defrauded their clients.
The only reason The Don and Mulvaney want to destroy CFPB is to allow Big Banks, Wall Street and Credit Card Companies the ability to cheat/defraud their customers without having to face the consequences for said misconduct.
Yes indeedy, screwing the working class in favor of Wall Street Bankers is exactly what The Great Leader promised to his middle to low income followers when said “Make America Great Again.” In truth, this Serial Liar should have said vote for me so I can “Make Screwing you Great Again.”
For additional post-election articles re: The Don visit the articles below
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