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Thursday, January 18, 2018

Protecting consumers for zero dollars

The Consumer Financial Protection Bureau -- a Democratic Party creation to put more limo libs on the federal budget -- finally protecting consumers from a predator: itself

Mick Mulvaney, the new director of the agency, just requested zero dollars from public money in his budget.

From the Los Angeles Times:
In his first quarterly funding request as acting director of the Consumer Financial Protection Bureau, Mick Mulvaney is asking for nothing.
“This letter is to inform you that for the Second Quarter of Fiscal Year 2018, the Bureau is requesting $0,” he wrote Wednesday to Janet L. Yellen, chair of the Federal Reserve, which provides the watchdog agency’s funding.
Mulvaney said that the bureau had enough money on hand to cover its anticipated $145 million in expenses for the quarter, which began Jan. 1, and that he plans to slash the bureau’s reserve fund.
Mulvaney is an outspoken critic of the bureau who was made acting director in November — a controversial move by President Trump that is being challenged in court. In a 2014 interview, Mulvaney called the bureau a ​​​​​“joke … in a sad, sick kind of way” and said that he “would like to get rid of it.”
In his letter to Yellen, he said: “I have been assured that the funds currently in the Bureau Fund are sufficient for the bureau to carry out its statutory mandates for the next fiscal quarter while striving to be efficient, effective and accountable.”

This is a sham agency designed to shake down financial institutions to hand over money to tax-exempt liberals groups in order to avoid trouble with the law.

The money sent to liberal groups comes from consumers.

This bureau is part of Barack Obama's plan to turn America into a banana republic without the bananas.

He came so close.


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  1. Mulvaney and Pruitt make me laugh like hell every few days. Keep after 'em, men!

  2. Replies
    1. How about Mick the Hatchet? My Man Mitch still has a lockdown on the Knife handle.

  3. Looks like it's going to become the Taxpayers' Financial Protection Bureau.

  4. Didn't Clarence Thomas do something similar back in the Reagan administration?

  5. The Dem that formerly ran the agency is running for Governor of Ohio.

    - Ken

    1. Cordray is pure Democrat corruption.

  6. Protection racket is more like it. Legalized mobster rule.