Pierce is *on fire!*
[McConnell] goes on:Read the whole thing:
The CFPB is poised to be one of the least accountable and most powerful agencies in Washington. Created by the deeply flawed Dodd-Frank law, it is subject to none of the checks that independent agencies normally operate under, and will have an unprecedented reach and control over individual consumer decisions.
Pardon me a third time, but exactly which of my individual consumer decisions will this new agency exercise its "unprecedented reach and control"? My individual consumer decision not to get cheated by a mega-bank? My individual consumer decision not to get gouged by some beancounter in South Dakota because my payment's one day late? It's not like Richard Corddray is going to be leaping out from behind the sweater vests at Old Navy and hurling himself atop the cashier's desk, forbidding me to buy that new pair of khakis. This agency, as I understand it, is on my side against the forces that looted most of the economy and wrecked the rest. You know what, Mitch? I'll chance it. Truly, I will. I like to live dangerously.
And if you really want to go to court to protect the rights of the banks to bleed the rest of us to death, have at it. The commercials write themselves.
http://www.esquire.c...-congress-6632899
cordially,