Tag: Consumer Financial Protection Bureau

Music Monday: In “honor” of the Pope

It seems like everybody has at some point today said “I didn’t know the Pope could quit!” A lot of us remember John Paul II spending a lot of years being rather frail, so I am forced to wonder about Benedict XVI’s “health” issues.

Tim Minchin is hilariously funny, highly intelligent, a ridiculously good musician, and sometimes highly offensive. Not Safe For Work, Not Recommended For Catholics:

 

In Closing: this can’t be good; mood music for tortoises; how dare a government agency work in favor of the people; how to really help the middle class; McCain is a realist sometimes; college; on the post office; Reuters seems to misunderstand the term “liberal”.

 

Banks Will Continue to Make Their Own Rules

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.

Don’t Make This Hard

Just about everybody thinks that Elizabeth Warren would be the absolute best qualified and most knowledgeable person to run the Consumer Financial Protection Bureau. Everybody except Timmy Geithner and the big financial institutions that got us into our current mess and stand to be regulated by the bureau, of course. After all, she might do things that are better for the hundreds of millions of us who do business with financial institutions, instead of the institutions themselves.

So it boils down to this — and by this we will know where President Obama stands. Does he nominate the best person for the job and ask the Senate to confirm Elizabeth Warren? Or does he nominate some crony who will do whatever the banksters want? And is he brave enough to commit one way or the other before November 2?

In closing: Sharron Angle is at it again; bank profits are worse than they look, which may explain why we’ve had over 100 bank failures so far this year; a real public option could save the Feds $68,000,000,000 in the next 10 years (how can they rationalize not doing it?); insurers push plans that even further limit our choices (and may put an end to all but the biggest medical practices); just a few words about Social Security; if the economy is getting better, where are the jobs and why is the White House predicting no appreciable change in unemployment until 2012?; on education reform; on cocoa (and why is this legal?); “VitaminWater” is not healthy; roughly 1 in 5 Americans suffered a significant economic loss last year, part of rising economic insecurity; but investors demand revenue growth or else!; we’re cutting back on little things; rape is just fine with 92 House Republicans, as long as it’s not white women; the middle class is vanishing, and an oligarchy is in charge; and a little science fiction.