President Obama is backing down from the idea of actually having a Consumer Financial Protection Bureau that protects consumers in any way. Elizabeth Warren is reportedly out of the running to head it. To me, this telegraphs that the CFPB may give lip service to protecting consumers and enforcing the law, but will probably really protect bankers from consumers while they continue to break the law and screw their so-called customers.
I sure do hope he’s not planning on my support to get re-elected.
In Closing: two ships that never sailed; still not vegetarian, adds ew; way to go, kid; neighbors would rather have a house be empty and slip into complete disrepair than have that man live there; Kucinich has a point (but credit rating agencies didn’t cause a crisis by handing downgrades, banks did by playing games with the numbers!); everyone panic!; the fight over nudie scanners has just begun; it’s good to be king CEO; and 5 fundamental problems with the jobs market.