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Line 1: − − The ''[[Wall Street Journal]]'' reported, "The pride of Harvard Law School, Ms. Warren is a hero to the political Left for proposing a new bureaucracy to micromanage the services that banks can offer consumers. But she is also so politically controversial that no less a liberal lion than Connecticut Senator [[Chris Dodd]] has warned the White House that she probably isn't confirmable."<ref name=wsj>[http://online.wsj.com/article_email/SB10001424052748703440604575495681843430198-lMyQjAxMTAwMDEwODExNDgyWj.html Elizabeth III - Obama to Senate: Stick that in your advice and consent clause.]</ref>
Consumer Financial Protection Bureau (view source)
Revision as of 20:13, December 31, 2018
, 20:13, December 31, 2018no edit summary
The '''Consumer Financial Protection Bureau (CFPB)''' was created as part of the [[2008 Financial Crisis]] bailout bills by a majority Democrat Congress and signed into law by [[President Obama]]. It is part of a massive scam to funnel money from the [[U.S. Treasury]] to [[Democratic party]] operatives and organizations as [[Rahm Emanuel]] declared, "you never want a crisis to go to waste." [[Elizabeth Warren]] was its first head.<ref>[http://www.ornery.org/essays/warwatch/2010-09-19-1.html Obama Spits on the Constitution]</ref> ''The Daily Caller'' reported: {{quotebox|"Obama’s presidential campaign advertising agency received nearly $60 million in federal contracts after he took office...The overwhelming majority of the $58 million funneled to GMMB came from the Consumer Financial Protection Bureau (CFPB) created by Democratic Sen. Elizabeth Warren in 2011. The CFPB awarded the agency a whopping $43.7 million, about 75 percent of GMMB’s total federal funding stream. The second-most lucrative government account for GMMB is a community service agency founded by Bill Clinton, the Corporation for National and Community Service [AmeriCorps], which awarded GMMB $13.1 million worth of contracts...."<ref>[https://amp.dailycaller.com/2017/09/13/exclusive-obamas-top-campaign-ad-firm-got-nearly-60m-in-federal-contracts ''Obama’s Top Campaign Ad Firm Got Nearly $60M In Federal Contracts''], The Daily Caller, September 13th, 2017.</ref>}}
The '''Consumer Financial Protection Bureau (CFPB)''' was created as part of the [[2008 Financial Crisis]] bailout bills by a majority Democrat Congress and signed into law by [[President Obama]]. It is part of a massive scam to funnel money from the [[U.S. Treasury]] to [[Democratic party]] operatives and organizations as [[Rahm Emanuel]] declared, "you never want a crisis to go to waste." [[Elizabeth Warren]] was its first head.<ref>[http://www.ornery.org/essays/warwatch/2010-09-19-1.html Obama Spits on the Constitution]</ref> ''The Daily Caller'' reported: {{quotebox|"Obama’s presidential campaign advertising agency received nearly $60 million in federal contracts after he took office...The overwhelming majority of the $58 million funneled to GMMB came from the Consumer Financial Protection Bureau (CFPB) created by Democratic Sen. Elizabeth Warren in 2011. The CFPB awarded the agency a whopping $43.7 million, about 75 percent of GMMB’s total federal funding stream. The second-most lucrative government account for GMMB is a community service agency founded by Bill Clinton, the Corporation for National and Community Service [AmeriCorps], which awarded GMMB $13.1 million worth of contracts...."<ref>[https://amp.dailycaller.com/2017/09/13/exclusive-obamas-top-campaign-ad-firm-got-nearly-60m-in-federal-contracts ''Obama’s Top Campaign Ad Firm Got Nearly $60M In Federal Contracts''], The Daily Caller, September 13th, 2017.</ref>}}
The organization, as structured by Warren has no accountability to Congress. Congress has no oversight of its budget, and the Director by statute is only ordered to "appear" before Congress, not to answer any questions.
The organization, as structured by Warren has no accountability to Congress. Congress has no oversight of its budget, and the Director by statute is only ordered to "appear" before Congress, not to answer any questions.