Last Friday, President Trump signed an executive order listing “Core Principles” for reforming financial regulation, including the Democrats’ 2010 Dodd-Frank Act and the Consumer Financial Protection Bureau it created. Massachusetts senator Elizabeth Warren could hardly object to some of the principles — for example, “prevent taxpayer-funded bailouts” or “empower Americans to make independent financial decisions and informed choices in the marketplace” — because she herself had previously expressed similar sentiments. So instead, she quickly accused Republicans of “rushing to unleash the big banks” and “gut the consumer agency that has forced banks to give $12 billion back to customers they
The CONCEPT of a federal agency with broad powers which is NOT ANSWERABLE BY FUNDING OR ANY OTHER METHOD to Congress or the Executive, is wholly unAmerican, and very, very dangerous. The reality is extremely dangerous.
The law that created the CFPB horror show needs to be ENTIRELY recinded, and CFPB needs to be GONE.
Forget about Pocahontas for a second and find out what reforming Dodd-Frank and CFPB means. background: Glass-Steagall restricted commercial banks from being investment brokers and it was 5 pages long. Done in ´33. Clinton undid G-S in ´99. And like clockwork, 2008 happened. Dodd-Frank, written to make YOU think that you´re being protected against banks robbing you, is over 1100 pages long and pretzel´s the CFPB into making sure that banks can take risk (all with your money btw) and KEEP the gains AND makes sure that banks can take risks (all with your money) and get bailed out by YOU, the taxpayer when the risk goes bad. That´s it in a nutshell. The CFPB is a cute name that means exactly the opposite of what its name implies. For you Rio Lindans, it´s like Congress passed a bill called the "Don´t Let Banks Crush Puppy Skulls Act" which insures and mandates that banks get to crush puppy skulls at will and get away with it. Pocahontas is just trying to make sure the banks maintain their ability to crush puppy skulls because they support politicians like her who let them do so.
Chuck Berry, whose rollicking songs, springy guitar riffs and onstage duck walk defined rock & roll during its early years and for decades to come, died on Saturday. The St. Charles County Police Department confirmed the news on Facebook. Berry was 90 years old."St. Charles County police responded to a medical emergency on Buckner Road at approximately 12:40 p.m. today (Saturday, March 18)," the police department wrote on Facebook. "Inside the home, first responders observed an unresponsive man and immediately administered lifesaving techniques. Unfortunately, the 90-year-old man could not be revived and was pronounced deceased at 1:26 p.m."(Snip)Tributes to the
At one point, Congressman Steve Stockman (R-TX) thought he could serve at least one six-year term in the US Senate when he challenged incumbent John Cornyn in Texas’ 2014 Republican primary. Now Stockman’s looking at a five-year term in Club Fed, thanks to an FBI and FEC probe of his campaign finances. Stockman appeared in federal court yesterday, accused of funneling money from a non-profit to his own personal and political use, and the judge offered Stockman some advice after setting bail (via The Blaze):(snip for video) He is accused of conspiring to violate federal election laws during his last
In the third week of January, an Israeli named Yoni Ariel flew from Tel Aviv to Rome carrying $9,000 in cash on a secret mission to bring down Donald Trump. There, he met with an Italian businessman. Seated at a table toward the rear of a café, away from the street where they might attract unwanted attention, Ariel recalled, he handed over the cash. In exchange he was given a copy of a potentially explosive set of documents. Its 35 pages told the story of a $1.6 billion wire transfer from petroleum giant ExxonMobil to a European office of a Chinese mining
Hardly a day has passed since the 2016 election without several “Save the Consumer Financial Protection Bureau” editorials. They are irrelevant. Only the agency’s director, Richard Cordray, can save the CFPB — by resigning. The op-eds all defend what the CFPB was supposed to be rather than what it became. To sell the 2010 Dodd-Frank Act that created the bureau, then-professor Elizabeth Warren and other Democrats promised a professional law-enforcement agency whose mission was to prevent financial-services companies from defrauding consumers through deceptive advertising and indecipherable contracts. A unique organizational structure — a president-appointed single director removable only for cause
Few Americans know the power of the administrative state better than a man America met a few years ago when he performed on a reality TV show. It was the summer of 2013, and it was episode 806 of “America’s Got Talent,” an “American Idol” knockoff with hosts Howard Stern, Heidi Klum, and Howie Mandel. Up to the microphone stepped a 36-year-old man — acoustic guitar in hand — dressed in jeans, a tucked-in khaki shirt, and a pair of brown cowboy boots. His name was Jimmy Rose. He was born in a town called Pineville, in Bell County, Kentucky —
The indoctrination to love and live Texas begins at a young age in the Lone Star State. Beginning in early childhood, Texans learn to “Remember the Alamo,” chant the seemingly infinite lyrics to “Deep in the Heart of Texas,” and recite the pledge of allegiance to the Texas flag—after, of course, pledging to the American flag. Most people quickly learn to “hook ‘em,” “gig ‘em” “sic ‘em” or put their “guns up” based on family loyalties to their respective Texas universities. But “Don’t mess with Texas” is a phrase that inspires Texans of all regions and all alma maters and incites
Preet Bharara, the crusading U.S. Attorney for the Southern District of New York who was asked to submit his resignation letter Friday, along with the 45 other U.S. Attorneys held over from the Obama administration, has yet to do so, a federal law enforcement official tells The Daily Beast. Bharara—whose office is in the end stages of an investigation of New York Mayor Bill de Blasio, about to begin the trials of two close allies of Governor Andrew Cuomo, and also appears to be investigating how Fox News structured settlements of sexual harassment and other claims brought by its employees—met
Reasonable, decent people should be really angry about how angry everybody is. In today´s America, there really is no good excuse for mass anger. So the mass anger we see from left, right and center is so out of line that it should really make us mad. Oh, and everybody else should just shut up when they insist that anybody else shut up. I mean, just shut up already. Let´s first consider the anger. In America today, materially speaking, life is good. Damn good. As I´ve reported elsewhere, household incomes are actually higher than they were when people were celebrating Ronald Reagan´s booming mid-1980s
Georgetown, Texas, is a conservative town in a conservative state. So it may come as something of a surprise that it´s one of the first cities in America to be entirely powered by renewable energy. Mayor Dale Ross, a staunch Republican who attended President Trump´s inauguration, says that decision came down to a love of green energy and "green rectangles" — cash. When Georgetown´s old power contract was up in 2012, city managers looked at all their options. They realized wind and solar power are more predictable; the prices don´t fluctuate like oil and gas. So, a municipality can sign
The half-hour ride from Marfa to Alpine was uneventful. My husband, our son, and I had crammed into the single-cab truck one Saturday, chattering about school and 4-H projects while on the way to the feed store. In Alpine we bought alfalfa and returned to the vehicle, where Huck, who was about eleven years old at the time, opened the passenger door. Instead of climbing in, he abruptly jumped backward into my chest, nearly toppling us both. “Snake!” he stammered. “There’s a snake.” And, lo, reader, indeed there was a snake. As we peered into the cab and opened the door
In April, millions of tiny flowers spread over the blackjack hills and vast prairies in the Osage territory of Oklahoma. There are Johnny-jump-ups and spring beauties and little bluets. The Osage writer John Joseph Mathews observed that the galaxy of petals makes it look as if the “gods had left confetti.” In May, when coyotes howl beneath an unnervingly large moon, taller plants, such as spiderworts and black-eyed Susans, begin to creep over the tinier blooms, stealing their light and water. The necks of the smaller flowers break and their petals flutter away, and before long they are buried underground.
The Senate has confirmed former Texas governor Rick Perry to serve as Energy secretary under President Trump. The vote was 62-37 on Thursday. Perry — who once pledged to eliminate the department — has repeatedly promised be an advocate for the agency and to protect the nation’s nuclear stockpile. Perry also has said he’d rely on federal scientists, including those who work on climate change. Perry has said he’ll work to develop American energy in all forms — from oil, gas and nuclear power to renewable sources such as wind and solar power. Democrats say they accept Perry’s disavowal of his 2011 pledge to
All the emphasis seems to be on cutting. We will cut CPB, NPR, NEA. Why aren’t we talking about growing and building and knocking down barriers? Why aren’t we talking about jobs and a boom and reforming regulation and taxes so people can build and invest? Is cutting the absolute No. 1 priority right now? In a country that is, in Pope Francis’ famous characterization of the modern world, “a field hospital after battle”? Is that what the Republican party wants to lead with? Why isn’t the priority unleashing, getting past limits, pushing toward dynamism and expansion? All these old arguments—we have to
WashingtonBarack Obama´s post-presidency life is way more glamorous than you could imagine. Back in Washington, President Donald Trump continues to suggest, without proof, that Obama wiretapped him and Republicans are busy trying to dismantle his signature health reform law. Nevertheless, former President Barack Obama is unwinding nicely from the most important job in the world. He´s been to sunny California for some golf, a private island in the Caribbean, where he kite-surfed with billionaire Richard Branson; he went to New York to take in a Broadway play, and then again, to dine with U2´s Bono. He lunched in Omaha last week
After a flood of gushing media coverage touting his deep family devotion as reason for his decision to stay in Washington after his term ended, President Obama turns out not to be quite the devoted family man he was portrayed as after all. He´s just jetted off to Tahiti, alone, without family, in what must be his fourth vacay to yet another exotic private pleasure resort in the wake of leaving office. It´s the life of the jet-set, the idle rich, the rich wastrel, the luxury mooch...the Hollywood elite after they´ve made it big in pictures, or the new-money shady-business magnate
In the four months since the election, New York and D.C. media outlets have been diligently boosting all stories related to Chelsea Clinton, apparently in the hopes that they can astroturf a political appetite among liberals for a political campaign by the former First Daughter. Here’s The Hill, from yesterday: When rumors started swirling after the election that Chelsea Clinton was considering her own foray into politics, it was met with eye rolls even from staunch supporters of the family. […] But that skepticism is starting to fade. Last month, a separate report in the New York Daily News said that Clinton could
Hillary Clinton and Huma Abedin were spotted together for the first time in months on Thursday - with the pair stopping by the Bergdorf Goodman salon for a quick cut and color. The former Secretary of State was photographed as she made her way to a waiting car after a day spent at the John Barrett Salon, showing off the results of her new $600 haircut and $600 dye job. It was a softer and lighter look for Hillary, who likely never saw herself spending a Thursday afternoon inside a Fifth Avenue department store across the street from Trump Tower
Expedia just named Chelsea Clinton to its board of directors. In a public filing posted Friday, the travel site said it named Clinton -- the daughter of Hillary Clinton -- as a member of its board on Thursday. Expedia (EXPE) said Clinton will be paid "in accordance with the company´s standard compensation policies" for board members. According to an Expedia proxy statement from August, non-employee directors were paid a $45,000 "annual retainer" and awarded $250,000 worth of stock in 2015. Board members who served on various committees were paid an additional $10,000 to $20,000. But Expedia said in a filing
Chelsea Clinton has another feather in her cap now that she’s joined the Board of Directors of travel company Expedia — a very part time gig that pays $45,000 in cash and $250,000 in stock options per year. Expedia announced Friday that they’d created the seat for her, expanding their existing 13-member board to 14 members, just for Chelsea. The board voted for the change this week, according to documents just filed with the Securities and Exchange Commission. (Snip) According to Expedia’s Board Member Rules, she could earn an additional $10,000 to $20,000 for serving on one of the Board’s
More than 300,000 workers are planning to walk out of their jobs in protest of President Trump on International Workers Day, according to a new report. The report by Buzzfeed News said that "350,000 service workers plan to strike on May 1, a traditional day for labor activism across the world, in the most direct attempt yet by organized labor to capture the energy from a resurgent wave of activism across the country since the election of Donald Trump." The Service Employees International Union, which endorsed Democrat Hillary Clinton for president back in 2015, will be a large component of
Trump appointees to head the Department of Energy and the Environmental Protection Agency to the contrary, the war on science isn’t limited to conservatives. Liberals have their own anti-science biases. Where conservatives often reject science based on their literal interpretation of the Bible or due to an abhorrence of federal regulations, liberals appear to be motivated by a belief that all things natural are good, anything with a chemical name is bad, and everything that profits an industry is really bad (unless that industry makes dietary supplements). If you don’t believe in the existence of the anti-science left, just walk
HILLARY Clinton has fuelled rumours of a political comeback as she insisted she is “ready to come out of the woods” and unite US citizens. The 69-year-old former Presidential candidate told an Irish women’s group that she had a “hard time watching the news” during her St Patrick’s day speech. She told the Society of Irish women yesterday: “What can we do to try to bring people together and to try to find that common ground, even higher ground, sister, so that we listen to each other again and we know that we can make a difference? “I’m not sure it
The Trump administration wants to build a 30-foot-high border wall that looks good from the north side and is difficult to climb or cut through, according to a pair of contract notices posted to a government website further detailing President Donald Trump´s promise to build a "big, beautiful wall" at the Mexican border. The notices were made public late Friday by Customs and Border Protection, the Homeland Security Department agency that will oversee the project and eventually patrol and maintain the wall. The proposals are due to the government by March 29. Staff corrections
Emerson College, a fancypants school dedicated solely to communication and performing arts, has officially deemed the word “homosexual” to be offensive. Emerson’s online “Guidelines for Inclusive Language” makes the proclamation. “Use gay or lesbian when describing people who are attracted to members of the same sex,” school officials instruct in the guide. “Avoid the use of homosexual and homosexual relationship.” The guide does not appear to provide any reason for this rule in its 1,440-word “inclusive language” guide. The handy guide to politically-correct words and phrases also informs writers to use several clunky terms including “business executive” instead of “businessman,