Warren tried to make the Consumer Financial Protection Bureau (CFPB) Congress-Proof. She failed to make it Trump-proof. 
Good Riddance to the CFPB
The Wall Street Journal comments on Justice for Warren
Ms. Warren became a senator, she persuaded Congress and then-President Barack Obama to create a strange creature called the Consumer Financial Protection Bureau in the 2010 Dodd-Frank law. The bureau would duplicate, replace or expand on the efforts of existing financial regulators but with a few dangerous twists. It would have no mandate to protect the safety and soundness of the financial institutions it regulates, and it would not rely on Congress for funding. Instead, the bureau would have the ability to draw funding from the Federal Reserve, ensuring that it wouldn’t have to pay much attention to legislators.
The bureau’s transfer requests often come in the form of one-page letters lacking details as to how the money will be spent. By comparison, in order to procure permanent financing for a commercial construction loan in West Texas, 29 separate documents are required—including a business plan and a complete set of building specs.
Unfortunately for Ms. Warren and the progressive left, Trump OMB director, Russ Vought, is now also the acting director of the bureau, and he’s using the authority she helped create for a purpose she never intended: benefiting taxpayers. Mr. Vought posts on X:
Pursuant to the Consumer Financial Protection Act, I have notified the Federal Reserve that CFPB will not be taking its next draw of unappropriated funding because it is not “reasonably necessary” to carry out its duties. The Bureau’s current balance of $711.6 million is in fact excessive in the current fiscal environment. This spigot, long contributing to CFPB’s unaccountability, is now being turned off.
A Reasonable Amount Is Zero
Reason.Com discusses What if the Director Requests $0 in Appropriations?
The Consumer Finance Protection Bureau was structured to give its director independence from the executive branch and Congress. The CFPB Director served a fixed-term, and could only be removed by the President for proper cause. And the CFPB did not have to ask Congress for appropriations. Rather, the Director could request funds from the Federal Reserve that he deemed “reasonably necessary.” And if the agency has a budget surplus, it could maintain and even invest those funds. From its inception, the CFPB was a separation of powers abomination.
Yet, despite the best efforts of regulated parties, the CFPB has survived to this day. Seila Law v. CFPB (2020) found the for-cause protection to be unconstitutional, but saved the agency by making the director removable at will. However, CFPB v. CFSAA (2024) upheld the funding scheme. As a result, Congress has not actually appropriated a penny for the CFPB. This sort of independence made sense when the director sought to maximize the agency’s effectiveness. But this independence will have a very different effect with a director who seeks to defenestrate the agency.
Instead, Vought will rely on the $700+ million budget surplus. If he even uses that money. Vought has effectively shut down operations and told workers to stay home. However, I don’t think anything would stop Vought from transferring that amount back to the federal reserve.
What happens going forward? Vought can starve the agency of funding if he deems the money not “reasonably necessary.” And Congress can’t do a damn thing about it.
Elizabeth Warren and her colleagues sought to create an agency insulated from the President and Congress. That strategy may have made sense with Barack Obama in office and Mitt Romney on the horizon. But this approach is quite different with President Trump.
Nothing Better than a Fine Warren Whine
- Boston.Com: ‘This is code red,’ Warren says of Musk targeting CFPB
- The Hill: Warren on efforts to shutter CFPB: ‘No one can fire the financial cops’
- Rolling Stone: Elizabeth Warren to Elon Musk: ‘You Don’t Get to Slither Around in the Dark’
- Mother Jones: Sen. Elizabeth Warren’s Two-Word Plan to Save the CFPB From Elon Musk
Warrten: “Yes, I have a plan, and it’s already the law. The CFPB cannot be shut down by Elon Musk, so we’re in the courts to make sure that Elon Musk and Donald Trump follow the law. The CFPB is still the law. It’s still funded. It’s still ready to go. Donald Trump and Elon Musk are illegally blocking it, and they need to get out of the way. The courts will enforce the law.”
I side with Trump here. There is nothing in the bill that stated the CFPB has to ask for money.
The CFPB has maximums, but no minimums.
And I salute Trump’s OMB director, Russ Vought, for requesting zero.
Hoot of the Day
There’s nothing better than a fine Warren whine!tm
Once again, I try to look at these cases from a legal standpoint.
On review, I believe I got one wrong. A Judge Lifts Freeze on Trump’s Buyout Plan for Federal Workers
U.S. District Judge George A. O’Toole Jr. dissolved his restraining order blocking the “deferred resignations” program after finding the plaintiffs lacked legal standing.
Perhaps someone with standing objects. But this one looks good for Trump.
One reader commented that my legal expert was wrong. No, I accept the blame. I misapplied something he said to the wrong case.
I openly root for DOGE, I just want team DOGE to comply with the law.
In the above case, I am happy to be wrong. Seriously, get rid of staff. Assuming I am wrong.
But the judge did not rule on whether the offer was valid. He ruled on whether the unions had standing the challenge it.
Moreover, blanket offers are not the best to reduce headcount. The best and brightest who can easily find another job will be the first to take 8 months free money and leave. DOGE may not be happy with what they have left.
But take the case of Eight Inspectors General Sue Administration After Being Fired, Trump Will Lose in Court
Even Senator Chuck Grassley, the Republican chairman of the Senate Judiciary Committee knows what Trump did was wrong.
The suit cites federal laws that say presidents must give a 30-day notification to Congress and provide specific reasons for terminations of an inspector general. Congress strengthened the IG Act three years ago after Trump’s moves against inspectors general in his first term.
Democrats widely denounced the firings, and even some Republicans raised concerns. “I’d like further explanation from President Trump. Regardless, the 30-day detailed notice of removal that the law demands wasn’t provided to Congress,” Sen. Chuck Grassley, the Republican chairman of the Senate Judiciary Committee and a longtime champion of independent IGs, said after the firings were made public.
The above paragraph by Sen. Chuck Grassley, the Republican chairman of the Senate Judiciary Committee, is all you need to know.
Trump did not give notice nor explain the actions.
Rather than go about this legally, Trump went about this illegally. That may jeopardize even a legitimate case for dismissal.
Trump will lose in court, and then perhaps a second time because of the way he went about this.
The CFPB may have done some good, but the same role can and should be played by the Fair Trade Commission. As a bitcoiner, I am happy to see the CFPB get crushed as retribution for Warren’s anti-crypto army. She pretends to be against the banks, but she takes money from them, and she fought against the technology that was invented to make the abnks unnecessary.
Blanket retirement is actually a BAD way of doing it.
The best and brightest are also tired of being held back by the dirtbags they are forced to work with, and lower their ethic levels to, to keep their jobs.
They’ll gladly take the money and go elsewhere where they are more appreciated.
Correct
I stated that
Ran into someone on the trails right by the former HQ of Lucent Technologies in Naperville many years ago. They had put forth incentives for early retirement and voluntary separation. Turned out to be an IQ test. The ones who took the deal passed the test.
The best and ‘brightest’ in government are still dim bulbs on the open market. Any career civil servant has no connection to actual productiveness, as all incentives are completely skewed to useless activity and bureaucratic make-work. I know this as a former government military contractor of multiple years.
I’m LOVING all the savings for the American Taxpayers. Every little bit helps. Now Congress needs to pass a balanced budget.
Definitely need a balanced budget and 100% transparency.
Yabba Dabba Doo! bwahahahaha!
You are a fool if you believe you will see a balanced budget at any point of the the current Trump administration.
Wondering why I only spend a few days auditing each agency and only scratching the surface? Because I have what I want, and can move on!
https://scontent-sea1-1.xx.fbcdn.net/v/t39.30808-6/475465948_1156821039424599_7154835759761686621_n.jpg?_nc_cat=109&ccb=1-7&_nc_sid=127cfc&_nc_ohc=FdYm0uUqjk4Q7kNvgFGl6PM&_nc_oc=Adjomw6JZXwebhhyA_ckBsQMW5iZLv6K2lB0AA2fIBtYmGcDGdXq2hO9E23-7BFG8TUOtI2xaSti05QOZs8YNSsU&_nc_zt=23&_nc_ht=scontent-sea1-1.xx&_nc_gid=ADfifk021RjyVT07tLdWHcB&oh=00_AYDsrkoJxqke_UVkDeHSWhxsuqObCinSETWSmaoVz9JMNg&oe=67B414B9
“I side with Trump here.”
Really Mish…do you think Trump cares what you think?
So you believe that the benefits that the CFPB delivered were of no real value? Is this viewpoint based on your Libertarian leanings?
Yeah we didn’t need a new corrupt Federal Reserve/Fannie Mae with no accountability to do any of that.
Got to respect the austerity measures so far. They’ll continue as long as the catch is good, and the obvious delight of the Trump/Musk team suggests plenty more is coming. But they they are seated on a powder keg of debt amidst stubborn inflation. The masses of $US dollars held in other countries need to hold their value or the holders will lose confidence. Whatever happens, it best be gradual.
$US and treasury bonds in foreign countries need to have happy not disgruntled owners. And shooting from the hip here, wouldn’t the goal of a global trade surplus mean the continual flow of those dollars back to the USA permanently?
Fed Reverse Repos down to $68B
It’s coming, baby!
The Fed will pivot & start buying bonds again to maintain their balance sheet / reserves.
CFPB was formed when the whole nation was really pissed off at the banks and the investment banks for the 2008-2009 financial collapse caused by fraud (by the banks and investment banks) in the mortgage lending and securitization businesses. There would not have been such a clamor for this new regulatory boondoggle had the bankers responsible for the crisis been thrown in jail, as they richly deserved, and, also deservedly, their firms been fined nearly to extinction.
What is going on now is not about Court decisions. Whether it be article subject or bigger picture like DOGE. Legalities are nice but not necessary.
Administrative Branch is not going to take administrative advice from the Bench.
What it is about is letting voters know what is going on with their money.
No more burying fine print in legal decisions while Taxpayer gets left holding the Bag of crap produced. Openness is paramount and that is exactly what is being served up.
Trump probably given more media access in his few weeks in office then Biden in four years. Covering up and telling people we know better cause we is the government has ended.
It is present the problem and here is how it will get handled. You the people have the right to know what happens. What are consequences of acting like this?
People also have communication methods and then can light a Fire under the pants or pantsuit of their legislators.
Trump is torching the establishment lackeys and doing it the way it is supposed to be done via general public voice.
Bully Pulpit is getting used.
Lol. Are you even aware that GOP wants to raise the debt ceiling by $4 Trillion? Why would they need to do that if they are cutting and saving money?
the previous administrations left them a gift of enormous debt. it was created over decades, it won’t disappear in a single 4 year term.
are you naive or disengenous?
You realize that Trump #1 WAS a previous administration?
Next time around, why not do some research before blindly posting uninformed? Had you done so, you would have found that the previous Trump admin increased the U.S. debt by over $8 TRILLION!
Donald J. Trump 2017-2021 40.43% $8,184,018,553,995.10
From:
U.S. National Debt by President
https://www.self.inc/info/us-debt-by-president/
Keep plugging maybe somebody will listen again some day.
Jeffries held his news conference, more empty chairs then people attending.
He promised to keep fighting. First you have to have a message for somebody/anybody to spend the time to listen.
Right on cue. Zeldin EPA head found out Biden dumped 20 Billion into NGO’s just before Trump got in via EPA
Now in process in clawing those monies back.
20 Billion here and there and soon becomes 10% of a Trillion just on basic Biden Grift.
It will probably be well over a Trillion, but unfortunately we may only be able to claw back 1/4of it… Perp Walks though!
4.5 Trillion.
Looking at it like my last mortgage, not paid off yet, and signing on the dotted line for another one. I had to borrow to have the loan, while carrying an existing loan. Once the house was bought, I paid off the first loan, and through the balance on my new loan. So in the end, a short time period, I had a new lower loan and all was good.
Does that help?
Why don’t you get some money from daddy to buy the house?
I am Daddy…
BINGO!
As usual, I have a different take. While I don’t have the details (some of you might) reportedly (who?) the CFPB has saved consumers 4X the cost of the agency. As noted, this would not be something you would see; it would just be the excess charges the public would have been charged in excessive (and often fraudulent) fees and charges. An example would be the bogus charges of Wells Fargo on their clients (and non- clients). Without the CFFB what agency would recognize these types of bank and mortgage fraud and enforce appropriate penalties?
I think the answer is “no one”. And no one on this site appears to care. Just throw out the ‘baby with the bathwater’, as the cliche goes, as long as it is the Dem agencies that get hurt, and only poor people will be impacted.
The core argument against the CFPB according to Mish’s article is that the funding is outside of any regulation. I didn’t see any arguments that they are doing a bad job or they are stifling the economy.
According to liberally biased sources I’ve only read good things about the CFPB in terms of protecting consumer’s interests.
I guess I just don’t see the animosity towards the CFPB. Why shut it down now, why not target other agencies first and come back to this at a later time?
In a world with big corporations and legions of lawyers its really easy for the consumers to get screwed over and have no recourse.
For example – from memory so apologies if I don’t get the details exactly right – How can a user agreement on Disney+ protect Disneyworld from liability from an injury claim at their park? Not sure if this would fall under CFPB jurisdiction, but it definitely points to the need for consumer protections.
It was given a blank check with no oversight. That is unacceptable in any organization let alone a government. How many trips to strip clubs did it finance?
Shooting from the hip again Doug, with as usual, no citation to backup your accusation.
Which is the equivalent of all the liberal news stations and commentators stomping their tiny feet about Musk wasn’t elected and this or that action by Trump is illegal.
A lot of people just like to hear themselves post/say something. Even it is not apropos to anything.
Wondering why? This is why:
https://fortune.com/2025/02/13/elon-musk-doge-cfpb-x-payments-platform/
‘Saved’–Jesus they fined the crap out of companies with no real accountability and interfered in markets with no damned clue as to how markets work. The markets are driven by Federal Reserve (another unaccountable gov agency) profligacy that causes distortions that idiots like Warren will call ‘greed’. If we had sound money and banking (like you actually have to have a sound business case and ROI), none of this crap would be possible, but like most government stuff, the government causes the problem then rides in to say they solved it.
Do you mean Vought, the Project 2025 architect…
of which Trump knew nothing about?
And “proponent of the president using ‘impoundment‘ to expand the executive branch’s control over federal spending.”
Senate confirms Project 2025 architect Russell Vought as White House budget director | AP News
It looks like Conservatives want to overturn another Supreme Court precedent:
“Impoundment is an act by a President of the United States of not spending money that has been appropriated by the U.S. Congress. Thomas Jefferson was the first president to exercise the power of impoundment in 1801. The power was available to all presidents up to and including Richard Nixon, and was regarded as a power inherent to the office, although one with limits. The Congressional Budget and Impoundment Control Act of 1974 was passed in response to high impoundments under President Nixon.[1] The Act removed that power, and Train v. City of New York (whose facts predate the 1974 Act, but which was argued before the U.S. Supreme Court after its passage) closed potential loopholes in the 1974 Act.[citation needed] The president’s ability to indefinitely reject congressionally approved spending was thus removed.[2]”
We are now on course to explore just how shy of indefinitely…is acceptable.
Impoundment will fail
Until then, it is successful…
cutting off funding & agency operations, which may not recover…
spawning many lawsuits to jam the Judiciary branch…
and phone calls to Congress to disorient the Legislative branch.
The Executive branch plan: dish it out faster than the others can take it.
Well if he doesn’t spend the funds, what is who going to do about it? Congress would have to impeach and remove him, or some judge (or SCOTUS) would have to direct him to spend the funds, but then he could probably still decide how the funds were spent. He could decide that the funds allocated for CFPB could just be invested in bonds and never given to any specific entity (hey they were ‘spent’!). The judiciary and Congress couldn’t tell him exactly how to spend the funds. It’s kind of like saying you can’t fire a civil servant, but you can definitely Milton them and put them in a basement with their red stapler.
For starters – The Courts will side with Trump
That will be the end of it
Apparently the CFPB goes through about $800 million per year, currently. What’s it spent on? Well, this PDF is certainly informative:
https://crsreports.congress.gov/product/pdf/R/R48295/2
BTW, it turns out they dinged Wells Fargo for a billion, plus. So maybe this outfit could be a profit center!
Here’s the updated name of the NEXT report:
The Consumer Financial Protection Bureau Budget: Background, Trends, and
Policy OptionHow to Eliminate the Entire Organizationshouldn’t those fines go to the damaged customers, and not the federal government?
One would sure think so. Say, maybe that $1.xxx billion was just “legal fees”?!? 🙂
Breaking news: Trump postpones tariffs again!
No explanation why though, why is the golden age on hold?
We’re also postponing peace in Ukraine. Zelensky insists on being present for the negotiations, and we’re not going to allow any Ukrainian representation.
Everyone here DOES REALIZE that the Global Financial Crisis was a phony Mortgage crisis, right?
It was a systemic collapse explained away by blaming janitors for getting $750,000 Home Loans – – RIGHT?
WRONG.
The SYSTEM WAS COLLAPSING and it is the same sort of thing that drove the PANDEMIC (REVERSE REPO COLLAPSE in that case).
EVERYTHING THAT YOU READ IN HEADLINES MUST BE QUESTIONED!
If I’m not mistaken, beyond the Janitor loans issue, the core problem with GR was the collapse of Collateralized Debt Obligations (CDOs) / derivatives.
It’s my understanding that they’re still used within the mortgage securitization industry but with more capital requirements & oversight.
IMHO, the biggest issue facing markets nowadays is the prospect for higher rates for much longer than anyone anticipated 3 years ago, including the Fed. In addition, we’re standing at the precipice of a fundamental change in government spending.
For Trump to do what needs to be done or to at least get us well on the way down this very bumpy road, means hundreds of billions of dollars in spending have to be removed from the system in relatively short order. Even if he’s successful with wrangling the waring sides to the table to wheel & deal, the eventual outcome can only be described as austerity.
He’s either going to couple the austerity with a needed push for corporations to pick up the pace of economic activity, spending & hiring or he’s going to lurch us into a recession. But, we’ve arrived at the moment where doing noting / status quo isn’t an option anymore and will certainly lead to a major recession a lot sooner than most think is possible.
We ran a $839B deficit for the first four months of FY ’25. That’s unprecedented, and we’ve heard that word a lot lately regarding government spending.
the basic problem was they comingled bad loans with good loans and then sold them in tranches with higher interest on the shittier loans.
when the bad loans went unpaid,there was no way to unbundle them. it was essentially a fraudulent investment product, that could not be cleaned up
Iceland was the only country that held anyone responsible, in the USA the taxpayers bailed out the banks and the executives continued to get bonuses. it was a tragedy that echoes right into the present world.
Nowhere for the crooks to hide in Iceland. Everyone knows everyone. Main road goes all the way around.
The basic problem is that millions of promises were made that could not possibly be kept. Different promises this time, but they won’t be kept, and when people figure that out, the whole facade falls flat on its face.
Yes. AIG was holding SYNTHETIC mortgage credit default obligations, and Goldman Sachs was in the other side of the table. They wouldn’t have won the bet without the bailout. Even Uncle Buffy got a piece of the action with billions of vig on that one.
My comment to my wife, while she watches the Evening News with David Muir (I read at those times – and dully listen):
“WHEN WAS THE LAST TIME THAT WE HEARD: ‘The CFPB DOES __________ (Something?).’
My point is that WE THE PEOPLE would never call the CFPB to “take action” on a loan document or loan deal or a deal with a bank.”
NO, they DO NOTHING. THEY PERFORMED NO SERVICE to our Country or its financial system.
THE CFPB could disappear RIGHT NOW and no one would notice!
So she’s the one…
I thought that the FED was supposed to remunerate any profits to Treasury. But here we have funds slushing into CFPB. Interesting.
The agency has recovered and returned $20 billion to 195 million consumers. Not saying it should exist, but it has impacted some consumers.
https://www.consumerfinance.gov/enforcement/enforcement-by-the-numbers/
Are we going to see “Perp Walks” today?!
Thank you! Your article this morning has set my day a thunder….finally some REAL LAW AND ORDER! We are winning!
Go Team Trump! MAGA!
“…and then perhaps a second time because of the way he went about this.”
Is this also advice from your supposed lawyer friend?
LOL. I think you and I are on the same page. Mish going to have to walk back nearly all, if not all, of his legal predictions. I tried to warn him that his ‘expert’ was going to be totally incorrect in the end. Yesterdays ruling was just the first of many.
But he owned up to it so that is fine.
… hold your breath until he does!
I Tried To Fix Government Tech for Years. I’m Fed Up.Maybe DOGE will succeed where U.S. Digital Services (mostly) failed.https://reason.com/2025/02/13/i-tried-to-fix-government-tech-for-years-im-fed-up/
PPI came in hot on top of yesterdays CPI. Who needs CFBP when inflation is going to eat up all of your money! Oh and don’t forget 10,000 boomers are still retiring every day. The social security snapshot should be out this week unless DOGE shuts it down to hide the truth.
“It’s tariff turtles all the way down and inflation all the way up!”
PPI headline +.4%. Ex-eggs, -.1%.
Ten year down .085%
You can’t find eggs in most stores right now so technically the price is infinity. Let’s see what the 10year does as soon as Trump’s tariffs go into effect (if ever).
Stop killing the damn chickens and we won’t have any egg problems. If you follow normal processes, wash your hands and cook chickens and eggs completely, then there won’t be any bird flu virus left to infect you.
Tell my simps to wash the chicken so they don’t get sick, get labeled as a globalist conspiracy, and the simps will eat chicken raw out of the bag in defiance!
MAGA!
Woohoo! More winning! MAGA!
… but mostly MEGA!
Make Elon Great Again!
You sure are great President Musk!!!
Thank you! This guy gets it.
Consumers will deserve any scam and screws they will get. While the CFBP may not have been perfect, I know first hand the value of federal agencies to protect consumers from oligopolistic companies like phone companies and airlines. Now good luck not getting screwed by these companies. Salute corporate dictatorship .
How did we survive before cfpb? I am sure there are other avenues consumers can pursue against predatory business practices. Pretty much most of these agencies are monetary blackhole and need to disrupted
Hey, AndyM: come up with SOMETHING THAT THE CFPB has done for you, or a family member or ANY US CITIZEN and I will stand corrected.
NO?
I THOUGHT NOT.
See my post on the subject. Now put your head back in the sand.
The cost to comply with CFPB edicts and Dodd-Frank is buried in what the consumer pays for financial products. And it’s a lot. The spread between what a consumer pays for a mortgage and the yield to an investor in mortgage bonds is far greater than pre-Dodd-Frank. It’s opaque to the consumer though, so they don’t know how much it’s costing them.
The public used to get screwed by the securities industry when the members of the New York Stock Exchange were allowed to set their own commission rates in a cartel like fashion. It used to get screwed by the airlines when ticket prices were kept artificially high by government regulators. Phone rates were kept very high when AT&T had no competitors.
Up next is the real estate commissions. They are going to trend down, have not heard yet on how the new ruling is working out. I know when I sold I used Redfin even before the ruling and saved on commisions. About 1.5% I beleive.
i don’t know about you, but i’m still getting dry humped by At&t. what exactly did CFBP do to fix anti-trust situations?
CFPB doesn’t do antitrust. That is the preview of the FTC & DOJ. Whew. Don’t go on Jeopardy.
Getting run over by a self driving Tesla is the highest honor for an American serf, and now they can truly appreciate it.
My sister had a problem with a bill from her internet company. She filed an informal complaint with the FCC. That got it resolved in her favor.
“Good Riddance to the CFPB” Copy That!
I don’t see how Elizabeth “Fake Indian” Warren had a hard time persuading Obama. He created a lot of these types of things I do believe. He is a “True Champion” of taking from the “Poor” and Giving it to the “Rich” as is Warren of course, and many, many others in Washington. I might add, that I feel the same about the “Dodd-Frank” fiasco as well…
– The bureau’s transfer requests often come in the form of one-page letters lacking details as to how the money will be spent.
> How wonderfully convenient for “Theft” and whatever else you desire I suppose…
– Russ Vought, is now also the acting director of the bureau, and he’s using the authority she helped create for a purpose she never intended: benefiting taxpayers. This spigot, long contributing to CFPB’s unaccountability, is now being turned off.
> Yeah!
“A Reasonable Amount Is Zero” Copy That!
It does appear to me anyway, that “Certain” Dems like to “Create Laws” that allow them to Game / Cheat “The System” I Must Ask then, are there ANY Laws that have been created already, or that we may be able to create if not, that would allow us to “Arrest” the Law Breakers using there Laws? Fair question, if they Can Cheat to break the Law, the We should be able to Use the Law to Stop Them from Breaking the Law, No?
– What happens going forward? Vought can starve the agency of funding if he deems the money not “reasonably necessary.” And Congress can’t do a damn thing about it.
> That’s all wonderful, but are there going to be any “Perp Walks” is what People Want To Know… If you can break the law because your a Politician, then we need a new form of Government…
Congressman Nancy Pelosi and/or her husband have long been suspected of insider trading. As of 2018, their net worth exceeded $114 million (latest data from OpenSecrets.org).
Definitely a “Perp Walk” Candidate if this turns into something Amiss, as they say.
Give it time, as the light has just been turned on…
$250MM now. Nice work if you can get it.
There is no suspicion. It is fact.
During the financial crisis we had a whiteboard with a hand drawn picture of a spatula and a pancake flying up in the air. Flip em like a pancake! We had a list of some of the offenders. Elizabeth Warren was flipping small houses at a tidy profit. Maybe her success was due to native American instinct. Buffalo or CDO^2, its all the same!
Per the Constitution, all funding is supposed to originate in the House. And all executive branches report to the President. With the funding coming from the Fed, the CFPB is blatantly uncconstitutional
I would think so. But believe it or not the US Supreme court dismissed that challenge.
Printer go brrrrrrrr. Its magic.