Who does GOP help when they block and vote against our protections?
We are not fooled ABOUT WHOSE SIDE THEY ARE ON, and our patience is run out.

Richard Cordray was nominated by the President to head up the Consumer Financial Protection Bureau 5 months ago.
Financial Reform was passed into law 17 months ago.
CFPB is part of that law, but there are some things it cannot do to protect Americans from fraud and abuse, without a Director to head it up.

Deputy Secretary Wolin said yesterday: "It cannot supervise or largely enforce the rules that exist on consumer protection vis-à-vis non-bank entities -- so payday lenders, student loan providers, credit rating agencies, debt collectors, mortgage servicers unless they happen to be part of a bank.
So if it's not a bank -- and millions and millions of Americans, tens and tens of millions of Americans, engage with those entities every day -- payday lenders, debt collectors, student loan companies, and so forth. And the CFPB does not have capacity, does not have authority, to supervise those entities until there's a director."

Without a head of the CFPB, military members moving to different parts of the country, as they frequently do, are signing onto mortgages that charge 300% more than they should. Our military members are getting cheated while they are serving in other parts of the world, while their families are trying to hold things together.

This is just one example. It is a disgrace that while recovering from a catastrophic recession GOP/Koch leaders are blocking this oversight of Consumer Protection for ordinary Americans, even as the law is already written and enacted.

Republican congressionals are paid servants of the people. Well paid! paid to be in service to the US and work for OUR good.

Instead they are still blocking jobs, still blocking our economic recovery and still refusing to protect us from further financial abuses, even as we are recovering from such crimes on Wall Street as have brought the citizens of the world to our knees.

We lost our jobs, our homes and our savings due to lack of oversight and greed on Wall Street.
WHO DO THEY THINK THEY ARE, TRYING TO REPEAL THE FINANCIAL REFORM ACT?
AND TODAY BLOCKING THE APPOINTMENT OF THE DIRECTOR OF CONSUMER PROTECTION?

Time for these professional con-men to stop punishing the American people.

Originally posted on First Thoughts, but, equally appropriate here, with one edit in bold italics:

I have to LOL at the current leftuous indignation from FR lefty liberals and Senate Dems about the Republican's use of the filibuster, because it is a trick they learned from the minority Dems use of the fillibuster in the mid 80's. The Senate Dems really should be looking at themselves in the mirror when they whine "What goes around, comes around". Then they should look up the history of the "Gang of 14" which was formed in response to the Dems "obstructionism" during the mid 80's.

What a crew of Dumbocrat morons.

From Politico:

Dems: McConnell to regret filibusters
By: Manu Raju
December 7, 2011 11:26 PM EST

The White House and Senate Democrats are issuing a blunt warning to Minority Leader Mitch McConnell and his fellow Republicans: You live by the filibuster, you'll die by the filibuster.

Furious at Republicans for blocking votes on an appeals court nominee and the head of a new consumer watchdog agency, Democratic saber-rattling is intensifying, with fresh warnings that McConnell — or any new Republican administration — will face major repercussions if they come into power in 2013.

"The standard in the Senate is now being lowered so much so that opposition parties in the future will thwart the will of any administration," said Sen. Jack Reed (D-R.I.).

"There's an old saying, 'What goes around, comes around,'" said Sen. Barbara Boxer (D-Calif.).

White House Counsel Kathy Ruemmler said the filibuster blocking a vote on D.C. Circuit Court nominee Caitlin Halligan amounted to a "new era of obstructionism."

The history behind the gang of 14:

The Gang of 14 was a term coined to describe the bipartisan group of Senators in the 109th United States Congress who successfully negotiated a compromise in the spring of 2005 to avoid the deployment of the so-called nuclear option over an organized use of the filibuster by Senate Democrats.

The Democrats had been using the filibuster to prevent the confirmation of conservative appellate court candidates nominated by President George W. Bush. In the Republican-controlled 108th Congress, ten Bush judicial nominees had been filibustered by the minority Democrats. The ten Bush appellate nominees who were filibustered were Miguel Estrada, Priscilla Owen, Charles W. Pickering, Carolyn Kuhl, David W. McKeague, Henry Saad, Richard Allen Griffin, William H. Pryor, William Gerry Myers III and Janice Rogers Brown

and Maine Sen. Olympia Snowe (R) voted present.

______________________________________

Just who the Hell does she think she is??

Barry Obama??

This is despicable ... and I say that without comment on the use of the filibuster in general. Both sides made this bed, and now both sides have to lie in it.

But just because you CAN block something, doesn't mean you should.

And that's where YOUR mindset fails, Joe.

As I said over at First Thoughts, ordinary people just may not be perceiving these things the same way that you cheerleaders for the money changers do.

I guess we'll see, won't we?

"They're setting up a vote they knew will fail so they can act shocked about it later. This is what passes for leadership at the White House right now," he said.

Yeah okay Senator what ever you say. Talk about sour grapes.

I'm shocked.

Me too! How could this happen? The Party of "No" blocking legislation to help protect the consumer! Just shocking! I must say.

Both parties are taking a "my way or the highway" approach, and they've been taking this approach for years now (even before Obama got in office). I'm not sure how to resolve this, other than voting out all incumbents and hope we can find some politicians that can work with people that have different views.

I personally have a problem with the structure of the new financial protection agency, and I would like to see changes made before it's implemented. I do support reform (as does pretty much anyone I've talked to or read about), but I don't like the reporting structure or some specific pieces of the legislation. Having said that, there are a lot of provisions in the reform bill I do like.

Interesting Scott Brown voted for it.

Must be running scared with the recent poll numbers looking good for Elizabeth Warren.

You don't get "it," do you?

@rustyboy

I noticed Scott Brown's vote, too, and thought the same thing. Interesting that Oympia Snow just sat on the fence with her vote. Wonder how she is polling?

Whoever hit who first (Waaaaa!!!) the situation is ridiculous. The democrats will do the same thing (again) if they are the minority party, and the republicans will (again!) make the same complaints about a straight "op or down" vote that the democrats are making today.

It's a sucky tactic and a subversion of the stated intent of its purpose, but neither side is likely to relinquish the option or cease in its over-use...

@Rusty Boy,

My thoughts exactly.

Warren was originally tapped for that post, and now she is ahead of Brown in Massachusetts according to polling.

Brown knows that moderate Republicans can get elected and re-elected in Massachusetts, and he doesn't want to give Warren any more ammunition. He occasionally strays from the party line anyway.

Spanky, I can't believe you just wrote: "we need tighter gun laws." Doesn't that put you a little out of step with your party of 2nd Amendment rights?

One of the largest groups pouring millions into the pockets of the GOP to try to block this agency are the credit reporting companies, TransUnion and Experian especially. They are convinced that any future naking reform would hold them accountable for not promptly correctling errors in people's credit records. Right now they are held harmless and it actually benefits them to have incorrect, false, or even malicious credit information on the files of millions of Americans. Most Americans do not realize that these companies actually make more money when they cause people to fail to qualify for credit or for the best interest rates.

Experian is especially crooked. I was unfortunate enough to have the drunken teenage son of a senior Experian vice-president crash his car in my yard. He told me that if I reported his 16-year-old to the cops for drinking or filed a claim against his automobile insurance that my credit records would "accidentally" be fixed so that I would never borrow another dime or get another job.

So Joe, in your, ah hem, mind, it is ok to obstruct the recovery of the country based on something that happened 30 years ago. And you wonder why people question the intelligence and veracity of the Republican party and its supporters.

Ryan, hugely simplistic. see my last sentence. It was a LOT more than bad loans that tanked the economy. They actually created financial instruments so they could use them to screw people over and yes, they need to be regulated.

nbnj, standard party line. Credibility = Zero.

Speaking of which, I've had to fight long hours with cable companies, most recently att for the deceptive practices they use in selling services. I got a bill for over $300 for a service that's supposed to cost me $79 a month!! They charged me $55 for fixing a bad wifi signal that gave me an internet speed of 2mbps!! They want to charge me $15 a month for "tech support." I could go on and on. You talk to 3-4 people who are no better than automatons. Since these initial charges so predictable as they say, why not estimate them before I sign up for the service?

Most people in this country are victims of attempted rip-offs on a weekly basis. It's unconscionable and disgusting. Take you car in and you don't know whether you've paid for the right repair or not. If you don't know how to fix cars, you're at the mercy of the auto shop. Or you can spend $100 each for 3 diagnostic opinions. I took my car to Firestone and told them I had a bad oxygen sensor that needed replacing, according to computer codes generated at the emissions testing center. They said they'd have to charge me $100 for a diagnostic to confirm that. So after the $100 diagnostic they told me I had a bad oxygen sensor that needed replacing.

I'm not an ATM machine and I'm tired of having to fend off robbers. Americans deserve better.

Not complicated at all Spankster, crawlin thru these Tubes, is kinda like crawlin thru Drug Tunnels in San Diego, i'ma guessin.

How about that story I asked ya about the AF dumping the remains of 274 KIA in VA. Landfill from 2003-2008?

Hey Spankster, maybe we can get Sensebrener to call for the Impeachment of 2 Supremes named Thomas & Scalia, any suggestions there?

Spanskter, you're just Toooooo Funny!

Occupy SoggyBottom!

Mich - The Dems set the vote up to fail.

Is that the best excuse you can come up with.

The Republicans are for the rich and hate, and I mean Hate the 99%.

No protection for you 99% we the rich are going to run all over you, we have been doing it slowly for 35 years and we will continue.

Can no one but me see this?

@tomorrowsnews,

No but you can let corporations rip you off all they want to and you will shut up about it and complain to no one.

The bank just took your deposit and told you you never made a deposit. Shut up about it and go to work so they can do the something next week. You will like it too.

Do we really need more government employees drawing hundreds of thousands of dollars for salaries,

Best we let companies just steal money from Americans rather than pay money to prevent that. I think cutting govt workers ought to start in Congress.

This is a simple case of "do we need yet another Government bureaucracy." There is no one I know of that does not think the purpose of the agency is good.

But time and again we create another agency that is not only ineffective in its role, but adds more cost to the taxpayer. Do we need one government employee for each US citizen?

That's the road we continue down as continue more and more government spending without the people gaining any benefits, other than another "civil" servant gaining a lifetime of my money.

We must have the Consumer Protection Agency and Dodd-Frank to protect us. But then when the rubber hits the road - Corzine gets right around Dodd-Frank and everything else . . . Same with Fast and Furious - we need tighter gun laws. But the ATF ignored all the laws and made the dealers sell the bad guys the guns. . . . More stupid laws is always the answer, right gang?

By that logic, we shouldn't have any laws at all because someone's always going to get around them. And you call yourself an attorney? Give me a break.

On another note, I agree with what Anna Molly wrote below. A few years ago the Senate had a chance to get rid of the filibuster--and should have. But they didn't. It's anti-democratic and should go the way of the dodo bird.

Both sides made this bed, and now both sides have to lie in it.

Joe,

Do you honestly believe the filibuster was created by Democrats in the 1980s???

The Senate rule was introduced in 1806 and really gained traction in the late 1830s. If your history only dates back 30 years, you have a lot to learn. And if you blame either party for the filibuster, your bias is too blind to ever see the truth.

This is just more of the the GOP trying to make sure President Obama fails. But, the public is getting wise and will vote their sorry asses out in November.

Spanky - do you even have a clue what is going on? I've never seen such illiterate posts in my life. I'm guessing you're one of those people who sit in on court cases just to have something to do? You're definitely no attorney.

Jack - I think you might have misunderstood. The post you quoted said "More" - as in there are already laws on the books and agencies to enforce them. It also said "stupid", meaning the laws on the books are clear. Why waste time on more laws and more agencies? Why not hold accountable the existing enforcement agencies and the existing laws?

Is bigger government what we really need?

Hold them accountable folks!

So it's bad to filibuster, but it's ok for the President to ignore a list of concerns for months from duly elected Senators?

Would we be further along if the President did his job and led? Why wouldn't he reach out across the aisle- yet talks about how Republicans won't do so?

He is gambling on public sentiment. He was slammed earlier in the year for "pandering" to the right, so now he is ignoring the right and slamming the right. Problem, since more than the right are pissed off with him right now.

The liberals do not understand that conservatives and republicans DO NOT want bigger government. The liberals think the government should swallow us whole! I applaud the republicans for saying no to everything the democrats want in order to expand the government.

The party of no is doing the right thing to protect Americans... even the liberals even if it's protection from themselves.

@Joe in Albany, Sorry Joe, In reality the filibuster has been around since the time of the British Parliament. And it was first used in the US to block legislative acts by the Republican party in 1854 with the Kansas-Nebraska Act. Please live in reality before commenting further.

http://books.google.com/books?id=RT-diO8rkpoC&pg=PA67&lpg=PA67&dq=kansas+nebraska+act+filibuster&source=bl&ots=uXeh0mZEfv&sig=jxJKO-3Jut4wk7u2lGT_Geuq2IE&hl=en&ei=ZvngTtv9EMbV0QHf4t2OBw&sa=X&oi=book_result&ct=result&resnum=5&ved=0CDsQ6AEwBA#v=onepage&q=kansas%20nebraska%20act%20filibuster&f=false

Is it time yet for the people to march to DC and surround the republicans to keep them out of the capitol building during key votes? They are obviously not looking out for the people. Maybe we need to start looking out for ourselves by keeping them away from the legislative process.

Yes, that would have been my plan all along. "let's waste time, taxpayers money and emotions so we can have our guy knocked down which will allow us to complain about it later."

That's a plan to be proud of. The republicans want less government and less regulation but want congressional oversight for a new department?

Leadership class 101: When you have one person in charge, you have someone with ultimate responsibility. When you have a committee, you just get a lot of finger pointing.

And how much money passed under the table to have this done. You don't think our congress would block something that might hurt their pocketbooks.

Hmmm, I wonder which party controls the senate? Hmmm.

When do we ever get anything done again? What a joke the 'Tpubs have become, got give them credit, they are consistant, No, NO, No, never, never, never, You all look exactly like what you are............useless bastards. How you all spinning that Warren is kicking you boy's model butt? lol

Good job Republicans. We sent you there to cut up the Big "O"'s credit card and you have been doing what you can in spite of the squeals from the Piggy Progressives and their State owned Media. Of course no one needs A Big Nanny Government Agency telling them to Quit spending money they can't pay back more than the Libs and the "O".

Not voting to confirm Richard Cordray is just another in a long line of juvenile Conservative, obstructionist acts that will speak very loudly to the voters in the next general election. The ultra Conservatives and the Tebaggers are driving the final nails into their election coffin and will be placed to rest for eternity on November 6, 2012.

W. Goin,

Actually, Spanky is a security guard who sits at a terminal of computers at the entrance to a professional building that houses mostly attorneys. He has a lot of time on his hands. . . .

concerndone,

Read BlueBurner's post at #1.31. No sense in my repeating what he said.

But I will tell you this. Way back in the day when I was working my way through college, I was in a summer intern program and worked for the State Attorney General's office, Bureau of Consumer Protection. There were cases without merit, cases with merit, and cases that fell in-between. The ones that had merit were often outrageous cases of fraud or malfeasance, and required the full brunt of the office to resolve in the consumers' favor. A couple of decades later when I was getting screwed over I knew enough to go to that bureau and got my situation resolved instantly. All of which is to say, I believe that the new laws are necessary to further protect consumers.

Michelle - The story had a quote about 45 Republicans signing a letter that expressed their concerns over this matter MONTHS ago. It was given to the President. The President's response - NOTHING, completely ignored! How is this a spirit of compromise President Clinton hailed as his key to success?

Parts of the legislation that created this mess was opposed by Republicans right up front. What happened? The legislation was crammed through by Democrat support. The fact that the Republicans now object is NOTHING NEW. It was opposed from the onset. They attempted to address it with the President and he said 'we have a second party in Washington'?

This wasn't blocked because of Partisanship, this was blocked because this new agency was given free reign of an undetermined budget without having to report to Congress like every other agency has too.

This agency was going to be the strong-arm of the Obama administration and both sides of Congress saw it for what it is. This agency would be able to spend whatever it felt like, with no accountability to anyone other than the President.

I listened to CSPAN all day yesterday, while the Congress debated and the above mentioned reason of an unsupervised budget, was the ONLY complaint most had on either side of the aisle.

So let's report the facts, not Liberal spin.

Shocked? How can anyone be shocked by this? It should be crystal clear to everyone by now that the Republicans will side with mega-corps and the uber-wealthy every time. "Consumer Protection?" They do not care about protecting you. Period. I'd be shocked if they had actually approved him, or done anything AT ALL to move this country in a positive direction.

If you make less than $1,000,000 per year and you're still supporting republicans, then I'm sorry, but you are a complete and utter retard. There's just no polite way to say that. I wish there were, but there just isn't. You are voting against your own best interests.

Jack - I read 1.31 and agree. My disagreement is in whether or not we needed to create an entirely new agency to pull it off, and passing more legislation to give it power.

As you said yourself, things have gotten better over time with funding and enforcement. What do we do with the agencies / laws that were helping the situation? Do we double up?

Why in the world couldn't we increase funding so the existing entities could do their job better? Why create another layer of $$$$$$$$$$$$$$$$$$$$$ that we don't have?

The hypocracy of the republicans is beyond belief. Just a few years ago, during Bush's administration, the republicans were ranting and raving about how terrible it was that democrats had filibustered some of Bush's nominees. When it was a REPUBLICAN nominated by a REPUBLICAN president they all joined hands and insisted that every nominee deserves an up or down vote.

Isn't it funny how they no longer think every nominee deserves an up or down vote when it's a democrat in the White House?

I'll ask it again... What gives liberals the idea we need more government and more government agencies? When will you be satisfied? When there's a government agent stationed in your bedroom while you sleep making sure you are in total compliance with breathing policies of the US government? Karl Marx is smiling in his grave over today's progressives. They have his ideas down pat!

Junicon - give me a break - ever heard of Robert Bork? The street runs both ways.

The bigger issue here is really the partisan bickering between the Reps and Dems. This two party system that our government has created for itself is simply not working. Which is certainly why the founding fathers did not want to have political parties at all, much less only two of them. Effectively, we now have only two voices in Congress: one Republican voice and one Democrat voice. That is not how our government was deisgned to operate. Instead of concentarting on the needs and desires of the American citizens, members of ongress now focus essentially only on what the party (and a few large contributors to the party) wants them to do. That is one of the major focuses of the American Overhaul Act (www.americanoverhaulact.org) - ending the party favoritism and overentrenchment of these two parties that is having such a negative impact on our current government. In total, this Act focuses on six separate areas:

- Congressional Term Limits: A maximum of two four-year terms in either House or Senate, and 12 years total in Congress.

- Federal Campaign Finance Reform: The vast majority of funds any candidate spends on a federal election campaign must come from a federal election campaign fund. These federal election campaign funds will be doled out equally to all candidates running for a position (candidates must meet certain pre-determined minimum requirements), and at least three candidates for any seat must receive funds.

- Congressional Size Limits: Membership in the House of Representatives will be permanently fixed at 300 members.

- Congressional Compensation: Congressional salaries will be fixed at four times the median household income. Additionally, health insurance will only be provided to members while they are actually serving in Congress (no lifelong healthcare) and pensions for members of Congress will be eliminated.

- Eliminate Party Favoritism: This amendment will require the elimination of all laws, rules, or regulations that favor or disfavor, either by inclusion or exclusion, any elected official or candidate for an elected office, based upon affiliation with any political party, or lack of affiliation with a political party.

- Balanced Budget Requirement: The federal budget must be balanced, meaning the total amount of federal government spending must not exceed the amount of money collected by the federal government. There will be exceptions to allow for extra spending in times of national crisis, but the excess crisis spending will be limited in amount and duration, and must be corrected by an equal amount of underspending in the years that follow.

These changes will go a long way toward fixing of the problems in the current system, thereby allowing members of our Congress to begin to focus on the needs and desires of the majority of Americans as opposed to the parties that they serve and a few wealthy organizational contributors. I urge everyone to check out the full text of the Act at www.americanoverhaulact.org. And, if you like these proposals show your support on the site and share it with your friends, family, and state and federal representatives.

Just who the Hell does she think she is??

Barry Obama??

more stupid right-wing lies and hyperbole

apparently joe in albany thinks its OK to control individuals, of course this is also typical of the jackbooted far right that can't stand the idea of people thinking for themselves.

nisl

I'm shocked.

Why? The Republicans in Congress- Senate and House a very predictable. One would think that Norquist has threatened have one of their family members killed whenever they are caught doing something that helps Obama. They are worse than useless.

It just amazes me to no end that Republican supporter cannot see that they don't have the voter's best interests in mind. They are all about helping helping the Wall Street and the wealthiest corporations at any cost to the general population.

This is not just talk. Their actions speak much louder than anything anyone could say about them. And yet some people are just blind to it. These Republican lawmakers are not your friends. They do not care about you or me or your family. They care about their own bank accounts.

Again, not ONE of you Liberals / Democrats are citing the facts why BOTH sides blocked this nomination. Then again, citing facts is not a liberal attribute.

Do we really need another Gov't agency?

The reason for the financial crisis was too many people got loans at too low of interest rates.

So the consumer "protection" agency would make it harder to get loans? They would protect us from low rates?

Really?

Looks like another Democrat plan.

Make like more difficult, with more regulations and Gov't red tape -

and then tell people it makes their life better.

No thank you.

Hold the line until November 2012.

And remember: we are not the party of no, we are the party of YES we will end the Democrat madness.

After all, those guys want the US to be like Europe - on the edge of bankruptcy.

Funny, all the regulations, handouts and taxes there have lead to the Socialist/Democrat/Progressive/Communist "paradise" that Europe is today.

Of course, they could be third world nations in a few years - but that's Democrat Progress!

no joe, no bo, nj

There is a VERY good reason to block any nominee to head this agency- the very structure of the agency.

The (democratic) congress that constructed this agency set it up so that one person-one- has total control over virtually all transactions in this country- from credit cards to stock transactions- with absolutely no accountability to any one or any entity.

So, once confirmed, whoever is running the agency cannot be fired by the President who nominates him/her- and the agency is not accountable to Congress.

It's a position that is completely unAmerican in its construction- this is a czar on steroids.

The legislation that created this agency needs to be rewritten. Until that happens, the office remains empty.

Maybe we can fill the Senate with Democrats like Elizabeth Warren that Republicans keep rejecting for the Consumer Finance Protection Agency. Then we'll have a Senate that will actually work the people's will.

Overhaul,

I thought some of your points were ok until I saw that you support the Republican't Balanced Budget Amendment.

The Senate Minor leader acted like a spoiled brat baby when he sided with the 1% the big banks Wallstreet and filthy rich investors. Please Mr. Minor Leader, continue doing what you are doing. You are showing the Nation what a jerk you are and also in your support of the 1% you are loosing voters left and right.

and all of this is only my Opinion......

Again, not ONE of you Liberals / Democrats are citing the facts why BOTH sides blocked this nomination. Then again, citing facts is not a liberal attribute.

53 votes from the Dems and 45 ( all reps) against. Now let's see... How many Democrat senetors have we? 53! There are currently 47 Republican seats in the Senate. That means, if my math is correct, that 2 did not vote. It looks to me that you have made a faulty assumption and/or not read the article and/or have a faulty understanding of the United States government. Republican votes were needed in order for him to be confirmed.

Any person who thinks that this vote-blocking, on this particular issue, is good for them had better be part of the 1%ers! If not you are very vunerable to the whims of deceitful business practices, which are many indeed! These crooks don't care if you are left, right, or middle. They care not if you live in a red state or blue state. They care only for their selves and their profits! They will steal your money any way they can. It is simply mind-boggling how many people think this is only a Republican or Democratic issue. Those who post on behalf of these crooks who blocked the vote for consumer protections are only blowing smoke and BS, end of story!

Not sure why the Republicans think "they were set up to be embarrassed by voting "No". I don't believe I have ever been embarrassed by voting for something I believe in. Guess that says it all, they are just voting to say "NO", not believing in their own vote.

I think we are all right and we are all wrong. The thing is that until we take the money out of politics there will be corruption. Can we all agree on that. We need term limits and we need public funded elections and we dam sure need more watch dogs. And we need to stop people from making laws, for them to brake the laws we have to live by. Like this inside trading the congress has been doing and getting away with for years. If anyone of us got cough doing that we would be in jail by now. We need to put these lobbyist out of work. They can go make there case for there clients, but no money and no anything. That is what is wrong with our system of government, it is bought and paid for. We all must agree on that!!!!

The reason for the financial crisis was too many people got loans at too low of interest rates.

another demonstration of a person that really doesn't have a clue.

NO ryan, the reason was the hard-selling of loans that STARTED at low interest rates (like 1/4%) then CHANGED to HIGH interest rates( like 10.5%), if people had stayed with fixed-rate loans , we wouldn't have had this problem.

apparently you somehow have managed to completely forget the ads all over boasting about "1/4%, 125% LTV, no doc loans" in the three years prior to the crash.

concernedone the problem is that all those laws and regulations where removed that is what caused this problem. the old laws and regulations need to be put back in place and made retroactive so that these corporations and banks can be held accountable for what happened. the new ones that where voted in are weak and filled with loopholes that will not stop what is currently going on.

what is going on in washington currently is just a dog and pony show to keep true change from happening. neither the democratic party or the republican party want change to really happen. they dont want to get hit in their pocket books.

brianB - libs just want to make sure that you assume the PC position. No variety allowed as that would suggest the ability to think. We all know that libs won't think outside the box.

hate to burst your bubble tomorrowsnews but there are also just as many rich republicans. people need to face the fact that both parties are currently corrupt and working for their own gains instead of for the american public.

Leiya123

Hmmm, I wonder which party controls the senate? Hmmm

As I outlined above, all 53 Democratic senators voted to confirm. All 45 Republican senators who participated in this vote voted against. This means that it matters not that there is a slight Democratic majority ( 2 of them are not even Democrats just members of the caucus by virtue of being Independent) because 60 votes were needed in order to confirm. Does that make more sense now that I have explained it?

This is middle school level government, people. You should know this stuff.

hahaha... why are people shocked? This is so typical of the Republicans under their leadership. People, if you feel that you are getting screwed finaically. You only have yourself to blame. These people that you put into position are ones who are fillbusting any discussion and appointments...

What was funny was that the Republican and Tea Party voters actually thought their representatives that they voted in were going to get things done..... NOT! NOW THEY GOT YOUR MONEY TOO!!!! LOL.

The Cavalier,

Is it time yet for the people to march to DC and surround the republicans to keep them out of the capitol building during key votes?

Feel free to try that anytime you think you have the guts and see what happens. Maybe conservatives should do that to the Democrats, since they feel the same way you do, just about the "other" side. What gives you or anyone else the right to interfere with the rights and duties of duly elected individuals???

Grow a brain. Your comments are absurd and only show your desire to shut up those who disagree with your personal views. People like you are a disgrace and are an insult to every American who believes in the democratic process and ideals.

Disgusting to think they would not want to protect the consumer, well 2012 can't come soon enough, not just Democrates but independent voters too, like me will NEVER VOTE REPUBLICAN AGAIN!!!

Well, I see all of the 1%ers are out in full force. Using their corporation made computers. Sitting in heated or cooled spaces produced by some corporation. Under lighting provided by some corporation. Having a snack made by some corporation. Bought at a store owned by some corporation. That was delivered by a trucking company owned by a corporation. Will go home or to work in a vehicle made by some corporation fueled by some energy corporation. While Barak Hussein Obama collects more money from Wall St. Corporations than all eight Republican presidential candidates combined. How's that for unadulterated hypocracy?? Oh, by the way, all those hospitals you want to recieve free services from? Check the names on the plaques who donated the money to build or add a wing. Probably one of those greedy corporate owners. Not one was built by an entitlement freak.

Why not Cordray .As Ohio AG, Cordray infamously chose to use his office to defend three officials who had snooped through confidential databases in search of information about Joe Wurzelbacher "Joe the Plumber". What is wrong with the powerful CFPB; under the leadership of Cordray, is insulated from all the traditional checks and balances of government agencies. Its budget, for example, is not dependent on appropriations -- it determines how much it needs, and it gets the money directly from the Federal Reserve. The CFPB has no dedicated Inspector General. It has no Commission or Board, and its Chairman is not subject to dismissal at will by the President. I could go on, but you get the picture.

This is the other side of the coin about CFPB .Under its dangerous structure, the identity of the Chair is of paramount importance. And this Chairman gives us every reason to suspect that he would be the plaintiff's bar's dream.

Forbes Magazine has detailed the numerous campaign contributions he received, when running for the position of Ohio attorney general, from out-of-state law firms with no seeming interest in Ohio. According to Wall Street "Out-of-state plaintiffs' law firms gave little cash directly to Mr. Cordray's campaign, but in 2007 and 2008 they contributed $830,000 to the Ohio Democratic Party candidates' fund, which passed about $2 million to support Mr. Cordray. Mr. Cordray then launched what he called an "aggressive" litigation strategy. Six law firms so far have been retained to represent Ohio pension funds in new lawsuits; five of the firms donated a total of $300,000 to the state Democratic party candidates' fund in 2008." "Wall Street Journal, 2/3/2010, "Trial Lawyers Contribute, Shareholder Suits Follow" By Mark Maremont, Tom McGinty and Nathan Koppel".

51 votes required to pass in the senate. The filibuster is used abusively and there should be consequences that the user should have to pay to employ it.

Senate Republicans had spoken against the nomination, reflecting their concerns about the creation of the bureau, which was established in last year's Wall Street reform bill.

The Wall Street reform bill, which is now law passed by a majority, is disliked by Teapublicans so they are blocking nomination to thwart the law. Wow, just wow -- Do people realize this is making history, that such underhanded anti-democracy abuse has never been done before in our history?

These obstructionist Teapublicans are breaking records every day. Aside from such despicable machinations, one must ask why Teapublicans hate America so much? The Consumer Protection Agency would protect the American people from 300% interest (loan sharks), from unscrupulous title loans, and a repeat of predatory practices in the mortgage industry.

But for some reason Teapublicans have wanted to block any financial reforms to prevent "Too Big To Fail" whether the Dodd-Frank bill, which really needed to be an updated reinstatement of the Glass-Steagall Act but due to Teapublican filibusters this is the best the Dems could do, to trying to con Americans into even less regulations and even more breaks for the richest 1% that sent us into a Great Recession in the first place.

And now Teapublicans are blocking confirmation of a very qualified person who is supported by both sides of the aisle, to allow the financial industry to run amok for as long as possible, because Teapublicans hate the president so much that they don't want him to succeed at anything.

It's just friggin'mind bending. Too bad you jagoffs, the president and Dems will succeed despite your treason. Throw the Teapublicans out!

What are these nasty Republicans afraid of? Are they afraid that their screw job buddies who tanked this economy in the first place won't be able to bend the middle class over any more and give to us up the @ss? Everybody vote these pieces of crud and scum out of office.

So Republicans block confirmations by Democrats in the Senate, and Democrats block jobs bills passed by the Republicans in the House.

Gee, I wonder if both sides aren't 'playing politics'?

Besides, the so-called 'consumer protection' legislation does nothing to correct the REAL problem that caused the financial collapse in 2008 - The loose lending practices by Fannie Mae and Freddie Mac, but it HAS made it far more difficult and expensive for banks to make loans. Another well intentioned but counter-productive bill from Congress that will make it more difficult for small banks to survive, but will allow the 'Too big to fail' banks to prosper.

Plumber- You are suggesting that those who are in favor of regulating Wall Street whilst using products and services manufatured by publicly held corporations are hypocrits? Do I have that right?

It is my position that there needs to be controls placed on this sort of business to limit the chances of business trends that can lead to economic crisis. That doesn't mean that I think that you shouldn't deal with these businesses. There are a lot of corporations I do business with who make great products but I may still have issues with some of their business practices. BP for example. Some I use because there is no viable alternative, Con Edison for example. I think it is a great thing that these companies can make big money and compete in the world's greatest economy. Making big bucks doesn't mean you have to buy politicians. If you want to be able to save money by dumping billions of gallons of poison into the ground water like Koch Ind. then you might need to buy some political influence or else they will make you stop.

In short I am all for free enterprise, and florishing industry. People making their fortunes. I am against enterprise controlling the government.

Where is the 2012 Budget, The hypocrisy of the Democrats to call Republican the party of "no", is reflected in one of the most important piece of legislation The National Budget that Democrats refuse to bring to the table. The whole Financial Reform and the Consumer Bureau are laws crafted for the architects if the housing collapse, Chris Dodd and Barney Frank who open the door to wall street lobbyist with big contributions to Democrats and chance to handcraft the law that will oversight their own business, this is all crooked.

OK. We get it. Both sides have used the filibuster for furthering their own gains.

But this one is different.

This was filibustered because they don't agree with the AGENCY NOT THE AGENDA, a consumer agency no less!!

Well people, we know who each party represents now........

workingpoor-2370498

51 votes required to pass in the senate. The filibuster is used abusively and there should be consequences that the user should have to pay to employ it.

Workingpoor - 60 votes were needed. The distinction is important because it shows that the vote was absolutely dependant on which side of the room a Senator was sitting. Everyone on the right side voted 'yes' and everyone on the left side voted 'no'. ( that is physically not politically, relative to Mr. Biden)

I find it humorous that left calls the Repubs the party of "NO" and yet the Dems have submitted NO budget in over 900 days. Weird how the hypocrites have NO problem calling the kettle black.

time to bring in the troops......the 99% movement, to fight for the people: http://www.americanprogressaction.org/issues/2011/11/99_percent_assault.html

wake up everybody, time to vote some of these people out. paper ballots.

tomorrowsnews

@eric1964all you badmouthers who are demorcats, leftists and socialist demonize the principles on which this country was founded and has worked for almost two hundred years.

...

You have to shut your mouth and open your eyes. After you understand everything then you can wisely comment.

Yeah! I mean it's not like you should actually be able to criticize the politicians you disagree with. Just shut up and then you can talk. lol

danwill - Of course the crisis was caused by too many people getting too many loans at too low a rate.

The low rates brought out more buyers, and it caused people to say: "I can afford a bigger home because I will pay less interest".

And that bid up the prices.

And issuing too many loans to too many people drove the prices up in dramatic fashion as well. More people bidding for the same resource. Pushing up prices based on prices being pushed up.

It's called a bubble.

As prices rose, more people got loans based on an asset that was appreciating.

All of these are elements of the feedback loop that created the bubble.

You said people with ARM's got their rates jacked up, and they would be better with fixed. That's not even true. Rates are at the lowest level ever. ARM's adjusted down. You pay lower interest on a ARM from 2007 now than a fixed rate from 2007 now.

So what would have the "consumer protection" agency done? Limit loans? Tell some people they can't have them?

Banks had redlined neighborhoods. Would this agency support those redlines?

Before you answer, remember that those previously redlined neighborhoods are the ones with the most defaults.

So maybe the banks were doing the right thing all along by not loaning to certain neighborhoods?

That is the problem with a Gov't run consumer protection agency. They will have to take away business and consumer choices in order to achieve their own goals.

They may say: "We want you to loan to these people even if you don't want to."

Or they may say: "We want you not to loan to these people even if you want to".

Either way, I don't want an entity as ineffiecient and mistake prone as the US Gov't deciding.

We have local banks - but the head of this agency will be unelected and at the national level. What is good in your town, might not be good in mine - but a National Policy is one size fits all.

And we all know everyone and every place is too different for one size fits all.

RI Mom #1.63,

Derivatives. Ever hear of Brooksley Born ? Maybe you should watch the following.

http://www.pbs.org/wgbh/pages/frontline/warning/view/

Who was the President at that time ?

Other victory for the Republican/Tea Party, they have managed to strike yet another blow against their enemy, the American people. As the 2012 election gets closer people are beginning to wake up to the GOP’s total lack of humanity. Today’s action to hurt the Consumer Financial Protection Agency shouldn’t be a surprise to anyone; while they still have power they’ll destroy or disrupt anything that benefits the 99 % and rip off anything that benefits them and their rich patrons. In all my years I’ve never witnessed such greed and selfishness.

plumberone Well, I see all of the 1%ers are out in full force. Using their corporation made computers. Sitting in heated or cooled spaces produced by some corporation. Under lighting provided by some corporation. Having a snack made by some corporation. Bought at a store owned by some corporation. That was delivered by a trucking company owned by a corporation. Will go home or to work in a vehicle made by some corporation fueled by some energy corporation. While Barak Hussein Obama collects more money from Wall St. Corporations than all eight Republican presidential candidates combined. How's that for unadulterated hypocracy?? Oh, by the way, all those hospitals you want to recieve free services from? Check the names on the plaques who donated the money to build or add a wing. Probably one of those greedy corporate owners. Not one was built by an entitlement freak.

This has got to be the most asinine quote I've seen in months. No wonder we're in trouble with this kind of mindset and BS! Who makes those corporations all that "hard earned" money? Why....it must be the "Middle Class" worker. Sure hope you don't plan on being a rocket scientist! BTW...all those hospital donations...well Captain Clever...they're tax deductible...Duh! Do you really believe that those donations are made out of a kind heart? I'll bet they show up quite often on Mr. 1%'s tax return. What a ship of fools are aboard this vessel!

tomorrowsnews - your post shows such a depth of ignorance it is pitiable. Your lack of intelligence is only overshadowed by your eagerness to show how unintelligent you really are!

Dems have submitted NO budget in over 900 days

Hey Tom. What's your point? The Republicans have had control of the house all year and haven't got an acceptable budget through yet and by the time they get voted out next year they probably still won't have one passed.

What do you call acceptable budget. Obama already add 3 trillions to our credit cards, you want more, I hardly pay mine.

Wow Larry!

The House has passed a budget and the Senate has passed one.

And only a crazy person would think what the Repubs did today is any different.

It's Obama who has not submitted a budget.

tomorrowsnews -

All right, I did indeed make the mistake of saying confirm when that was not correct. Your complaint is semantic- you knew what I meant as did everyone else who read it. I was correct and well informed when I was saying that 1. this isn't a vote that called for a simple majority. And 2. that the results of the vote was split on whether the voter was a member of the Democratic Caucus or the Republican Conference. The problem being that party loyalty is taking front seat over what is right.

To say I know nothing about this is simply wrong. And personally I am appalled at the lack of knowledge that many in this discussion are showing on both sides of the issue. You should focus your criticism on the issues. You attacked me misspeaking one word which you knew was a simple slip and accuse me of gross ignorance. Why? Because I espouse an opposing viewpoint. Tomorrowsnews- pfft.

Gordon90N -

Derivatives are just financial insurance policies.

When consumers stopped paying their payments, insurance (derivatives) kicked in.

But just like Florida insurance after Hurricane Andrew, they didn't have enough set aside for a massive payout.

Even if there was no derivatives, the financial holders of the loans would have insured them. And when the bubble burst, someone still would have had to pay.

Imagine car insurance if 25% of the people made a claim in the same year.

The car insurers would default.

Heck, if 25% of bank depositors pull their money on the same day - the bank defaults.

There is no evidence that the collapse would not have happened without derivatives. They all still would have hedged their bets and whoever was the one doing the insuring would have still gone to the Gov't for a bailout.

So don't get too caught up on derivatives. They are simply a means of financial insurance.

So Larry, explain to me then why it is acceptable that the DNC controlled Senate have stymied GOP's House of Representative passed budget proposals? You can't have it both ways. If you're truly for 100% cooperation, then ask Reid to start processing some of the GOP bills that have been sitting there for months. I truly never understand why DNC supporters always feel that the GOP should be the one to acquiesce to their demands. The population elected senators and congressmen/women to more accurately reflect their desires in government, not to sit there and rubberstamp every single demand/request made by the President.

the 'Financial Protection Bureau'...what it is, and all about it, here:

http://search.whitehouse.gov/search?affiliate=wh&query=financial+protection+bureau&form_id=usasearch_box&submit.x=24&submit.y=11

protection for the consumers..

nisl Comment collapsed by the community

Joe - the filibuster has been around for a long time, the problem is that it was never used (abused) to the extent that Republicans are now using it.

I don't know why the above post was collapsed, so I'm re-posting it. Why don't you conservative collapse cowards go back to the FOX Noise or NewsMax or what ever rock you climbed out from?

Please do not try to convince me, the Republicans are not obstructionist! The G.O.P. has blocked every plan, that President Obama has tried, to provide fairness, to every American. Instead they are determined to keep the Big Business and Wall Street flying under the radar. They use loopholes for pay less or any taxes, than the average middle class American. Their products are not monitored for safety, quality or pricing, so Big Business can con the middle class, out of their hard earned cash.

Richard Cordray has the credentials to run and efficient Consumer Agency and the Republicans deny our citizens someone who can protect the middle class buyer. Instead Republicans to protect Big Business and the wealthy. I cannot wait for November 2012, so the Occupy Protesters and the rest of the middle class Americans can take our country back. We have a vote and we have a voice. Together we stand as one and there is more of us, 99% to be precise. Beware Republicans, you have awaken the giants, who do the heavy work. You have taken way too much of us.

As I have mentioned in many of my post, the rich 1% , when you die you cannot take it with you! How many of your family and friends, will attend your funeral because they love you. Or how many how will attend you see how much they are going to inherit? Not will they inherit your wealth, they will inherit your greed. Good going Republicans, you are perpetuating the disbelief, the rich are our betters and the 99% will continue to take your lies and decent.

Obama/Biden 2012

Republicans know no honor. They prove it daily. DAILY! Honor simply does not reside in them. A more unhonorable political party has never walked american soil. Criminal.

What is going on in this country? The governor of Michigan plans, to take over cities such as Detroit and Flint ,for some made up reason, so he can name a "city manager!" Ironically this "city manager" can hire or fire anyone he/she wants. AND the cities he is trying to overtake include 40% of Michigan's black population. That leaves these "city managers" in charge of government records, that include voter registration. Does this seem odd, to anyone beside me? Every one of this governors, who are trying to impose these radial changes, to take over the states, all Republicans and first time governors? We also have John Kasich of Ohio, who tried to end Collective Bargaining. It took signature of thousands of Ohioans, to put Issue 2 on the ballot, to stop Kasich's diabolical plan and overturn it. Then we have that little weasel from Wisconsin, who is attempting to end collective bargaining there. Wisconsin citizens are getting signatures there, to rid themselves the self appointed King of Wisconsin, Scott Walker. All of these governors, are in the pockets of the Koch brothers and big business. The question is, how can ANY citizen of the United States, watch as our country, is being made into a dictatorship? And they want Newt to be their ruler! Granted he will not have any power, it will belong to the those, who line his pockets and pull his strings. Citizens of both parties, need to join together before we all lose are civil liberties, to a handful of egotistical, diabolic, elitist? Let's face it, the 1% wants less of the 99%, to exist! and they are doing it, one state at a time.

Plumberone: You completely missed the target... Just using one of your 1st analogy.

"Using their corporation made computers." ... err, no... people built the computers. To be more exact, foreigner labor built the computers. Corporations did not build the computers. The corporations used the patent laws, the trademark laws to protect themselves. The corporations used our country's armed forces to ensure that their cargos are not hijacked. The corporations used our ports/harbors that our tax payers paid to have them built. The corporations use tax payer highways to get their product to their warehouses and distribution centers. The corporations use peace officers (paided by tax payers) to ensure that their properties arrives and stored safely. The tax payer paid energy grid to ensure that the electricity that powers the computer arrive and mainted 24/7.... So please tell me how it is only the corporation bear the burden of the product. You are BLIND AND OBLIVIOUS to the actual cost of product. I haven't even gotten to the cost of computer being used and later disgarded!

Ryan in Texas: "Of course the crisis was caused by too many people getting too many loans at too low a rate." That is absolutely not true. If it was that simple, then please explain why would the Fed or our government simply take the TARP Bailout and the additional 7.7Trillions lend to the Financial institutions to pay off the loans!!!! The 7.7 Trillions alone would have covered all the bad loans + others!!! The real problem is not the bad loans. The problems were the derrivatives or the bets that the financial institutions put on those packages (over and over). Each of those packages could have had more than 7 different bets on top of it.... What made it worse was that those packages were willfully miss represented (rated). That is why you see all these lenders and securities firms jump to settle.... They know that there are more dirt than what the Republicans are leading on. You bought it hook line and sinker. Don't you read?

RoyWilson: Still trying to convince people that the Republican job is worth a hoot.... There are BS bills, and the recent Republican Job Bills was exactly that. So, there is no shame in voting it down. There is also no shame in the Republicans voting down Democrats proposed job bills. The problem I have is that the Senate BLOCK any discussion and vote on a propose watch dog agency that reports on Financial Industry. This agency was recommended from studies derrived from breakdown analysis. The bottom line is FEAR. The Republicans fear that the Democrats or the Executive branch will get the credit for the agency. Second the Republicans believe that there isn't any problem with the WatchDog Agency (because it will be supported by all Democrats and may even include some Republicans). Therefore they must stop the process completely.

It is no different than the Republicans complaining that there is no leadership in TSA. However, it was the Repbulicans who continuously deny the discussion of TSA appointment by the same filibust move.

You're foolish thinking that you can make people forget to look beyond your smoke and mirrors.

Tomorrows news:

I walk into every new business knowing they are going to try and rip me off.

what a sad and angry person you are.

thturd "The problem I have is that the Senate BLOCK any discussion and vote on a propose watch dog agency that reports on Financial Industry."

But you have no problem with Harry Reid 'BLOCKING' any discussion and vote on the approximately 20 jobs bills passed by the House of Representatives.

How 'non-partisan' of you.

"45 GOP Senators Filibustering Consumer Protection Nominee Have Received Millions From Wall Street This Year"

http://thinkprogress.org/economy/2011/12/08/384769/cordray-filibuster-raised-millions/

anybody suprised the Republicans are in bed with wall street?

@Magnum Serpentine:

The idea that we need a balanced budget amendment is neither a Republican nor a Democrat idea. It is simply an idea that is designed to help force our Congress to do what they have been unable to do since the inception of this country. The fact that you called it a " Republican't Balanced Budget Amendment" more demonstrates my other point about partisan bickering than anything else. The Democratic party, and the media outlets that tend to lean to that side, act as if a balanced budget is a bad thing because it was proposed by the Republicans in the most recent instance, and because the Democrats simply don't want the Republicans to "win" this round. However, in reality, recent polls show that approximately 75% of Americans support a balanced budget amendment, which clearly demonstrates that it is not supported by only one side.

The partisan debates behind a balanced budget really circulate around how it should be effectuated (raise taxes? cut social spending? cut defense spending?) as opposed to whether or not we need it. And these details of how to get the budget back in balance are left to our legislators to figure out under the American Overhaul Act. Thus, the amendment proposed by the American Overhaul Act is not partisan, but rather is designed to help America in general, and it should find support from all Americans, as well.

The fact is that every country, just like every household and every business, must balance its budget. No entity can continue to operate with an unbalanced budget indefinitely. If an unbalanced budget continues forever, the country will end up insolvent, just as is happening right now for Greece and Italy. And, when left to their own devices, our Congress has shown that it is completely unable to balance our budget. Our Congress has essentially never balanced the budget! That is exactly why an amendment like this is needed. I would encourage you to check out all the supporting information on the website for the American Overhaul Act (www.americanoverhaulact.org) to see the complete reasons and details behind this act.

@ Magnum Serpentine:

One additional point that I forgot to make in the above post: In addition to allowing our legislators to decide how to get the budget in balance, the balanced budget amendment proposed by the American Overhaul Act also allows Congress to overrun the budget by a limited amount of money for a limited period of time during times of national crisis. This gives Congress the flexibility to spend additional money when it is truly needed, but it also limits how much and how long that can be done. And it requires that that overspending be corrected by underspending after that crisis has ended. That way the balanced budget requirement is not overly rigid, but it also puts some limits so that Congress cannot grossly overspend every year, which is what happens now. Again, for the full details and support, I encourage you to check out the American Overhaul Act website at www.americanoverhaulact.org.

Harry Reid, can not personally fillbust nor block discussion... Another one of those wishful thinking... There has to be certain relevance or bipartisan support. In this particular case, this is about a agency that was deemed important to both parties during the crisis. There was even a dedicated bipartisan committe who recommended such agency...

This exemplifies why people like you repeat mistakes, because ultimately you want to profit from others. If you can profit enough the first time around, then lets do another..... lol. what a bunch of pond scums.

Who does GOP help when they block and vote against our protections?
We are not fooled ABOUT WHOSE SIDE THEY ARE ON, and our patience is run out.

Richard Cordray was nominated by the President to head up the Consumer Financial Protection Bureau 5 months ago.
Financial Reform was passed into law 17 months ago.
CFPB is part of that law, but there are some things it cannot do to protect Americans from fraud and abuse, without a Director to head it up.

Deputy Secretary Wolin said yesterday: "It cannot supervise or largely enforce the rules that exist on consumer protection vis-à-vis non-bank entities -- so payday lenders, student loan providers, credit rating agencies, debt collectors, mortgage servicers unless they happen to be part of a bank.
So if it's not a bank -- and millions and millions of Americans, tens and tens of millions of Americans, engage with those entities every day -- payday lenders, debt collectors, student loan companies, and so forth. And the CFPB does not have capacity, does not have authority, to supervise those entities until there's a director."

Without a head of the CFPB, military members moving to different parts of the country, as they frequently do, are signing onto mortgages that charge 300% more than they should. Our military members are getting cheated while they are serving in other parts of the world, while their families are trying to hold things together.

This is just one example. It is a disgrace that while recovering from a catastrophic recession GOP/Koch leaders are blocking this oversight of Consumer Protection for ordinary Americans, even as the law is already written and enacted.

Republican congressionals are paid servants of the people. Well paid! paid to be in service to the US and work for OUR good.

Instead they are still blocking jobs, still blocking our economic recovery and still refusing to protect us from further financial abuses, even as we are recovering from such crimes on Wall Street as have brought the citizens of the world to their knees.

We lost our jobs, our homes and our savings due to lack of oversight and greed on Wall Street.
WHO DO THEY THINK THEY ARE, TRYING TO REPEAL THE FINANCIAL REFORM ACT?
AND TODAY BLOCKING THE APPOINTMENT OF THE DIRECTOR OF CONSUMER PROTECTION?

Time for these professional con-men to stop punishing the American people.

@Feisty

Well, we all know we consumers don't need protection (at least that's the Rebaggers point of view) But I find it interesting that Brown voted for Corday. He must be getting a little worried about a race against Elizabeth Warren!

He must be getting a little worried about a race against Elizabeth Warren

What's he worried about?

When the Senator gig is over, her can go back to nude modeling... ;o)

Monitor clean up crew needed here! LOL

Just what we need. Another worthless government agency who's only protection will be ensuring their jobs don't go away any time soon.

We are the 99% NOT endorsed by the Communist Party for 2012 like Obama has been.

Fiesty, the inmates were running the asylum in First Read this morning, until the thread was collapsed.

I thought something happened to you and crew.

I'm sure you're busy, but the world needs you. Nobody can shut down their dishonesty better than you can.

Nobody can shut down their dishonesty better than you can.

Thanks Matt! *blushes*

I arrived late to the game over there, after I saw the mess the RWNJ's had left, I decided there wasn't a broom big enough to sweep up all the steaming piles of crap! ;o)

only a good comrade really believes they are representing the 99%! It is more like the 40% who pay no taxes and just take never contribute!!

oh, yea.....we need the redhead alright....there'd be nobody to collapse if she wan't here....and the left sheep wouldn't have a leader.

totally pathetic

Brown is pretty liberal . Still can't believe MA voted him in> Maybe they woke up and realized that he wasn't as big of a croo kas they are used to. What does that say for Warren? I noticed you have FL in your id. Just remember, 95 runs north as well as south.

GOP party platform re-established for 2012 - 'Let them eat cake!'

You are possible the most ignorant blogger I have ever seen. Do you honestly think anyone listens to you with the hate you constantly spew? With you new little logo, you should be permantly banned and I don't know why you havent been.

Reguarding this topic, if any of you had any real interest in this topic, you would have noted that this issue was not who was blocked or the agency. They simply want a committee appointed rather than just one leader. You pick any little thing to twist around and then whine about. Grow up.

Do you honestly think anyone listens to you with the hate you constantly spew?

Oh MY!

You should of skipped the second helping of envy this morning... honey! ;o)

you should be permantly banned and I don't know why you havent been.

Didn't you get the right wing troll memo?

In case you missed it - I'm actually Rachel Maddow & work for MSNBC...

Now be gone - you simply are not worthy of my time or attention... sweetie!

PS: You know what they say about imitation being the sincerest form of flattery & all don't ya? lol

Nice try FRier. The GOP simply does not want consumers protected, so once again those the GOP conspires with can resume their assault on the people. You've been duped and can't figure a way out to save face is all. Get a clue a walk away from the dark side.

The Democrats think you are all serfs!

They know better than you do how to run your life.

They don't dare trust the American people with personal responsibility, mommy Gov't knows best.

Funny thing about the left, they tell you how great their ideas are - but then use Gov't to force them on you.

Have you ever heard of a single Democrat idea that let you opt out? Why is it NONE of their ideas work if people can choose whether to participate in them?

So a "Consumer Protection" agency has the grand idea to take away consumer choices and decide for you.

I know, it's ironic that the Party is only Pro-Choice about killing 1.4 million unborn children a year in the US.

That choice they are OK with. But as for buying a 100 watt lightbulb, that is a choice they won't let you have.

It's time to have a Gov't that lets the people decide what programs they want to participate in or fund.

They can ask you to support their programs - instead of Force you.

If their ideas are so good, they will have no problem convincing you. But they will never do this, they know that much of what they advocate is robbing Peter to pay Paul - and as we know, no Democrats ever sent in an extra penny to the Gov't.

On April 15th, they show their true colors.

Put your money where your mouth is: tax a Liberal.

feistier redhead :

You are possible the most ignorant blogger I have ever seen.

Goose, meet Gander.

Reguarding this topic, if any of you had any real interest in this topic, you would have noted that this issue was not who was blocked or the agency. They simply want a committee appointed rather than just one leader. You pick any little thing to twist around and then whine about.

Do you have even a smidgeon of a clue as to how government works? The legislative does not tell the executive how to manage a department, they fund it or not fund it, that's it. In the case of some managers they get to approve or not. The problem with Republican congresses is that they over reach as this one has consistently done. Most of your moronic leadership has a grand case of presidential envy and cannot remember what office they were elected to and how to do their job.

Therein lies the problem for your short sightedness. Should you gain control of the office of the president again it will become the sole mission of the democratic party to ensure that your president fails, that none of his nominees gets approved and that even legislation that has already passed does not get acted on. It will completely suck if it happens, but it will be completely fair. This is not the way government is supposed to work, but you can be sure that we are willing to fight fire with fire. It never pays to forget that the entire thing is cyclical and eventually someone gets to use the same tools that you did to attempt to destroy you. You should seek out candidates that are actually intelligent enough to not be short sighted in the pursuit of their goals.

Kurt - when you throw the words communist and socialist into your post referring to Obama you let everyone know you are lacking in intelligence.

Hey carrot top,

Maybe if you actually read the article you'd see why the Republicans stopped it. It wasn't because of what it was about, it was the fact that this new agency would have completely free reign.

Get your head out of Obama's crotch and back to reality.

Again, the bigger issue here is really the partisan bickering between the Reps and Dems. This two party system that our government has created for itself is simply not working. Which is certainly why the founding fathers did not want to have political parties at all, much less only two of them. Effectively, we now have only two voices in Congress: one Republican voice and one Democrat voice. That is not how our government was deisgned to operate. Instead of concentarting on the needs and desires of the American citizens, members of ongress now focus essentially only on what the party (and a few large contributors to the party) wants them to do. That is one of the major focuses of the American Overhaul Act (www.americanoverhaulact.org) - ending the party favoritism and overentrenchment of these two parties that is having such a negative impact on our current government. In total, this Act focuses on six separate areas:

- Congressional Term Limits: A maximum of two four-year terms in either House or Senate, and 12 years total in Congress.

- Federal Campaign Finance Reform: The vast majority of funds any candidate spends on a federal election campaign must come from a federal election campaign fund. These federal election campaign funds will be doled out equally to all candidates running for a position (candidates must meet certain pre-determined minimum requirements), and at least three candidates for any seat must receive funds.

- Congressional Size Limits: Membership in the House of Representatives will be permanently fixed at 300 members.

- Congressional Compensation: Congressional salaries will be fixed at four times the median household income. Additionally, health insurance will only be provided to members while they are actually serving in Congress (no lifelong healthcare) and pensions for members of Congress will be eliminated.

- Eliminate Party Favoritism: This amendment will require the elimination of all laws, rules, or regulations that favor or disfavor, either by inclusion or exclusion, any elected official or candidate for an elected office, based upon affiliation with any political party, or lack of affiliation with a political party.

- Balanced Budget Requirement: The federal budget must be balanced, meaning the total amount of federal government spending must not exceed the amount of money collected by the federal government. There will be exceptions to allow for extra spending in times of national crisis, but the excess crisis spending will be limited in amount and duration, and must be corrected by an equal amount of underspending in the years that follow.

These changes will go a long way toward fixing of the problems in the current system, thereby allowing members of our Congress to begin to focus on the needs and desires of the majority of Americans as opposed to the parties that they serve and a few wealthy organizational contributors. I urge everyone to check out the full text of the Act at www.americanoverhaulact.org. And, if you like these proposals show your support on the site and share it with your friends, family, and state and federal representatives.

Yes Feisty you are correct making the Growing the Governments size and power always helps the so called 99%. Oh wait it actually the opposite.

It is crazy how the people will blindly follow their leader without ever questioning their leaders intent.

I think the normal Repub is kicking themselves for doing the same thing during the Bush years, everything he did was great to them and then PBO got elected and did ALL of the same things as Bush and they finally woke up and decided to think for themselves, hopefully the Dems can learn the same lesson, somehow I don't think they will.

From Washington Times...the Conservative newspaper in DC:

George W. Bush rode into Washington almost eight years ago astride the horse of smaller government. He will leave it this winter having overseen the biggest federal budget expansion since Franklin Delano Roosevelt seven decades ago.

Yeah, yeah, yeah!! If you listen to all the right wing nuts it's the Democrats that cause big government..... only problem it a lie like everything else they say.

Larry, I am pretty sure I said Bush was a big Government fan, it isn't an opinion it is a fact. Hopefully the Repubs learned from that, going by the latest polls (Newt) they haven't but quite a few have.

Hopefully the Dems can learn the same lesson a few Repubs have.

The left crammed this down the throat of the right with provisions the republicans did not agree with up front. Now the left rails about the 'party of NO' not getting anything done. you see Smitty, if the republicans did not support this part of the plan in the beginning, why would they approve of it today?

The fact that the President of the United States goes on the campaign trail and calls republicans every name in the book (to garner votes by dividing the nation) instead of addressing the initial concerns penned by republicans MONTHS ago IS THE VERY ROOT OF THE PROBLEM!

"The president knew about these concerns months ago and he chose to dismiss them. And now he's suddenly making a push to confirm his nominee because it fits into some picture he wants to paint about who the good guys are and who the bad guys are here in Washington,"

McConnell also accused Democrats of staging show votes to embarrass Republicans.

"They're setting up a vote they knew will fail so they can act shocked about it later. This is what passes for leadership at the White House right now," he said.

Again, the bigger issue here is really the partisan bickering between the Reps and Dems. This two party system that our government has created for itself is simply not working. Which is certainly why the founding fathers did not want to have political parties at all, much less only two of them. Effectively, we now have only two voices in Congress: one Republican voice and one Democrat voice. That is not how our government was deisgned to operate. Instead of concentarting on the needs and desires of the American citizens, members of ongress now focus essentially only on what the party (and a few large contributors to the party) wants them to do. That is one of the major focuses of the American Overhaul Act (www.americanoverhaulact.org) - ending the party favoritism and overentrenchment of these two parties that is having such a negative impact on our current government. In total, this Act focuses on six separate areas:

- Congressional Term Limits: A maximum of two four-year terms in either House or Senate, and 12 years total in Congress.

- Federal Campaign Finance Reform: The vast majority of funds any candidate spends on a federal election campaign must come from a federal election campaign fund. These federal election campaign funds will be doled out equally to all candidates running for a position (candidates must meet certain pre-determined minimum requirements), and at least three candidates for any seat must receive funds.

- Congressional Size Limits: Membership in the House of Representatives will be permanently fixed at 300 members.

- Congressional Compensation: Congressional salaries will be fixed at four times the median household income. Additionally, health insurance will only be provided to members while they are actually serving in Congress (no lifelong healthcare) and pensions for members of Congress will be eliminated.

- Eliminate Party Favoritism: This amendment will require the elimination of all laws, rules, or regulations that favor or disfavor, either by inclusion or exclusion, any elected official or candidate for an elected office, based upon affiliation with any political party, or lack of affiliation with a political party.

- Balanced Budget Requirement: The federal budget must be balanced, meaning the total amount of federal government spending must not exceed the amount of money collected by the federal government. There will be exceptions to allow for extra spending in times of national crisis, but the excess crisis spending will be limited in amount and duration, and must be corrected by an equal amount of underspending in the years that follow.

These changes will go a long way toward fixing of the problems in the current system, thereby allowing members of our Congress to begin to focus on the needs and desires of the majority of Americans as opposed to the parties that they serve and a few wealthy organizational contributors. I urge everyone to check out the full text of the Act at www.americanoverhaulact.org. And, if you like these proposals show your support on the site and share it with your friends, family, and state and federal representatives.

Smitty, do you really think that because a bureaucratic government agency is established something useful will happen? Were you born yesterday or this morning?

poor obama, still thinking that his opinion is the only one that matters...

We have nominated somebody, Richard Cordray ... who everybody says is highly qualified.

Nice to see that obama is following in the old school thinking that "dificits don't matter" so much for his hope and change strategy.

BTW, mr obama he is your nominee and it is your opinion as to his qualifications, quit being the political hack trying to pass it off on someone else if he isn't confirmed.

Hey laura,

Try reading the whole article, you may learn something. The part where a letter was sent to the idiot in chief asking for clarification on how this NEW agency was to be regulated. Was that a whole lot to ask? Or is Obama hiding something again? I know people like you don't give a flying turd how this man by-passes the Constitution, but some of us do. If it wasn't for the Republicans, this idiot would have us all in repatriation classes.

Have you really voted in the past?

Senate Republicans had spoken against the nomination, reflecting their concerns about the creation of the bureau, which was established in last year's Wall Street reform bill.

The Wall Street reform bill, which is now law passed by a majority, is disliked by Teapublicans so they are blocking nomination to thwart the law. Wow, just wow -- Do people realize this is making history, that such underhanded anti-democracy abuse has never been done before in our history?

These obstructionist Teapublicans are breaking records every day. Aside from such despicable machinations, one must ask why Teapublicans hate America so much? The Consumer Protection Agency would protect the American people from 300% interest (loan sharks), from unscrupulous title loans, and a repeat of predatory practices in the mortgage industry.

But for some reason Teapublicans have wanted to block any financial reforms to prevent "Too Big To Fail" whether the Dodd-Frank bill, which really needed to be an updated reinstatement of the Glass-Steagall Act but due to Teapublican filibusters this is the best the Dems could do, to trying to con Americans into even less regulations and even more breaks for the richest 1% that sent us into a Great Recession in the first place.

And now Teapublicans are blocking confirmation of a very qualified person who is supported by both sides of the aisle, to allow the financial industry to run amok for as long as possible, because Teapublicans hate the president so much that they don't want him to succeed at anything.

It's just friggin' mind bending. Too bad you jagoffs, the president and Dems will succeed despite your treason. Throw the Teapublicans out!

tomorrowsnews -- That's your version of the Tea Party from FOX Noise or something. Here's the real data -- This from the Pew Research Center:

But the precise nature of the Tea Party has been less clear. Is it solely a movement to reduce the size of government and cut taxes, as its name -- some people refer to it as the Taxed Enough Already party -- implies? Or do its supporters share a broader set of conservative positions on social as well as economic issues? Does the movement draw support across the religious spectrum? Or has the religious right "taken over" the Tea Party, as some commentators have suggested?¹

A new analysis by the Pew Research Center's Forum on Religion & Public Life finds that Tea Party supporters tend to have conservative opinions not just about economic matters, but also about social issues such as abortion and same-sex marriage. In addition, they are much more likely than registered voters as a whole to say that their religion is the most important factor in determining their opinions on these social issues.² And they draw disproportionate support from the ranks of white evangelical Protestants.

This from the American Sociological Association:

The analysis shows that most people who agree with the religious right also support the Tea Party. But support for the Tea Party is not synonymous with support for the religious right.

Tea party voters are more likely to fear change and harbor negative attitudes toward immigrants, according to a study presented Monday at the American Sociological Association's annual conference in Las Vegas.

The study, called "Cultures of the Tea Party," also claims voters who felt favorably toward the tea party movement valued deference to authority and libertarianism. The report concludes that the tea party movement is not a new political phenomenon, but rather "is best understood as a new cultural expression of the late-20th-century Republican Party."

This from a Harvard/Notre Dame study:

"Our analysis casts doubt on the Tea Party’s “origin story.” Early on, Tea Partiers were often described as nonpartisan political neophytes. Actually, the Tea Party’s supporters today were highly partisan Republicans long before the Tea Party was born, and were more likely than others to have contacted government officials. In fact, past Republican affiliation is the single strongest predictor of Tea Party support today.

What’s more, contrary to some accounts, the Tea Party is not a creature of the Great Recession. Many Americans have suffered in the last four years, but they are no more likely than anyone else to support the Tea Party. And while the public image of the Tea Party focuses on a desire to shrink government, concern over big government is hardly the only or even the most important predictor of Tea Party support among voters.

So what do Tea Partiers have in common? They are overwhelmingly white, but even compared to other white Republicans, they had a low regard for immigrants and blacks long before Barack Obama was president, and they still do.

More important, they were disproportionately social conservatives in 2006 — opposing abortion, for example — and still are today.

All the studies conclude that the Tea Party is and always has been a small minority in the Republican Party who want more religion, not just less government -- Just a recycling of Goldwater supporters, John Birch Society conspiracy theorists, the Moral Majority and what have you.

All Tea Party candidates ran as Republicans, and their voting record is the same as establishment Republicans. As the American people have come to realize that the Tea Party was trying to force the GOP and entire nation farther to the radical Right by threats to "primary" as well as blackmail and hostage-taking in congress, approval for the Tea Party has plummeted (along with so-called membership).

He wasn't rejected, the agency was. Maybe Obama should have classified him as " Czar " and then it may have passed. Can't have enough Czars you know.

tomorrowsnews,

We should all take your advice, at least the part about not letting you tell us what to think. I seriously doubt you know much about the "framers" of the Constitution, but I assure you all were not libertarians or of exactly the same mindset. Do yourself a favor and read the excellent biography of Washington by Ron Kornbluth and you will realize that Washington and Hamilton were advocates of a strong central government. You might notice that, as president, he actually lead federal troops to put down a revolt against taxes (The Whiskey Rebellion). Having seen Obama in press conferences and during the White House meeting with the GOP on the Health Care Act, I'm pretty sure he is not an unintelligent idiot. In fact, without a teleprompter in sight, he made them all look like 1st graders dealing with a college professor (which is why they will never agree to meet with him again in public). I also don't believe too many stupid people graduate from Harvard Law School with Honors (that is what Cum Laude means, by the way), or get elected to the prestigious position of President of the Review by his classmates.

Obama did have a Democratic controlled House and a majority in the Senate. The House passed many of his priorities, only to have them blocked in the Senate by a minority that abused the filibuster in an unprecedented way. In spite of that, the Health Care Reform Act and the Stimulus were passed and the Automobile industry was rescued and restored. In addition, the financial collapse was averted and the economy stabilized. Bin Laden is dead, our troops are just about out of Iraq and will soon begin to leave Afghanistan. Ghadaffy is dead and not a single US soldier died to accomplish that. You may think that nothing was accomplished, but that only reflects that you share the information gaps that are so common in the ranks of the modern conservative.

Oama was elected because he ran a brilliant campaign, and because McCain was promising to continue the Bush policies of taxcuts and deregulation that had taken the country to the very edge of the Second Great Depression. The 59 million who voted for him chose not to have a third Bush term, and I suspect we'll do the same next November.

tomorrowsnews -- True patriot don't let other people tell you what to think.

The Pew Research Center, American Sociological Association, and Harvard/Notre Dame aren't "other people." It's called expertise, academia, empirical methodology, facts -- Words the right-wing are clueless about.

Conservatives and their the anti-intellectualism movement listen to Uncle Harry at the dinner table, or a co-worker at the water cooler, and Sister Snitwitat church -- and all these "people" get their information from chain Emails, Hate Radio shock jocks, websites like NewsMax, or FOX Noise, which starts "reports" with "Some people say..." That's where you get your information, isn't it? I've read enough of your posts to know you are the last person to preach to me about reading history or independent thinking or a mess of misinformation.

YOU need to get out of the right-wing Echo Chamber and Cone of Silence -- you are the one who is misinformed.

Yes, you certainly are "clueless" aren't you !

I'm sorry, but WTF is wrong with us protecting ourselves with common sense and practicality? We have plenty of agencies already. This one is just one more addition to make democratic voters feel better while increasing the cost of getting anything done around here- and we are already in debt enough.

Too good to be true? It is. Buyer beware. If it is too complicated for you to understand, get an advisor first. We have no hesitation going to an attorney when we need one, but we sign off on complicated loan documents without consulting an advisor first. Senseless.

Be your own advocate. The government has been rather unsuccessful in protecting you thus far anyway.

Try the history books, the Democrats do not approve any nominations set forth by Republican Presidents either - what goes around, comes around - you can look it up

Take this vote all the way to your election in November 2012 Democrats. It crosses party lines and the Republicans are clueless!

Furthermore using the Freedom of Information Act publish all filibusters by Republicans during Obama's administration as proof of the argument that Republicans can't and should not Govern jack sh1t ever again because of their obvious Conflict of Interest. Republicans like to point to Pelosi on her insider bullsh1t with Visa. That's okay. Go ahead and bust her. But it's obvious that their banking, investors and all in all finance policies make all other insider traders insignificant to where Republican interests truly lie.

Nothing more unhonorable has ever walked american soil than current republicans. This appointment will save this country and its consumers loads of money now and in the future. Denial of truth is the only thing the unhonorable republicans seem to know. Pityful idiots racing to the bottom. Disgusting. Shameful. Stupid. I've come to truly loath the republican party and its phony brain dead members.

AnaBanana-1782128 -- So true. Just as I debunked (yet again) that the Tea Party is an Astro-turf farce, we must ask why people don't agree with the Occupy movement.

The Occupy Wall Street protesters were first ignored by the media and then maligned by certain outlets, but more recently a slew of reports and surveys have come out showing the movement may be on to something after all.

…Several new studies have offered further evidence that these two problems are getting worse and, perhaps more importantly, that a large portion of the population is concerned about these issues.

Growing income inequality. Few reports in recent memory packed quite as much of a bang in so few words as one from the Congressional Budget Office.

The report shows that between 1979 and 2007, the superrich -- people in the top 1% of wage earners -- saw their after-tax incomes nearly triple, while those in the bottom 20% saw their wages remain relatively flat during that nearly 30-year period. As if that weren't infuriating enough, the CBO's report showed that the top 20% of wage earners saw their share of the nation's overall income increase by 10 percentage points during that period, while the other 80% saw their share decline by 2 or 3 percentage points.

In just a few paragraphs, the CBO showed definitively that the rich are getting richer at the expense of everyone else.

Americans favor wealth redistribution. Given the increasing degree of income inequality, it should come as little surprise that most Americans would echo those protesters who argue the current distribution of wealth is unfair.

One recent survey from The New York Times found that two-thirds of Americans believe U.S. wealth distribution is unfair, with a whopping 86% of Democrats saying so and 67% of independents. Republicans were less likely to agree with this statement, but nearly half still feel the distribution is not fair.

That may not mean two-thirds of the country would be willing to march in the cold weather to change this fact, but it does seem to put the burden of proof on those who claim the status quo is just fine.

Even the wealthy want to pay more taxes. One might assume that those with the most to lose would be the ones to fight hardest against evening out the income disparities, but a survey from Spectrem Group suggests otherwise.

The survey found that the vast majority (68%) of people worth at least $1 million favor raising taxes on Americans who make more than $1 million. And 61% of those worth at least $5 million are in favor of doing so. In other words, even the wealthy are fine with raising taxes on the wealthy, and previous surveys have shown that most average Americans certainly are in favor of it. So that really just leaves legislators inside the Beltway as the real hurdle.

No one likes the government, and few trust it. Perhaps for this reason, there seems to be a growing disconnect between the American people and the federal government that reflects the same sense of distrust heard among the protesters.

The same CBS News/New York Times poll found that just 9% of Americans approve of the current Congress and that 89% say they don't trust government to do what's right. Likewise, 70% say Republicans in Congress are pursuing policies that favor the wealthy.

Right-wingers, please tell us why you object to the Occupy movement.

They object because there are more OWStreeters then teabaggers. A true grass roots movement without Koch Brothers financial support like the teabaggers. Republicans don't like being upstaged by anyone.

I think that % probably falls in the margin of error.

that's why we are going to kick out from office all REPUBLICAN-OBSTRUCTIONISTS.

• Did you notice that the GOPers WHO VOTED PRESENT ARE UP TO RE-ELECTION ?

The really funny part is that they are creating the agency to "regulate" the very problem they caused.

this is Obama job creation in action

Citizen you are correct.

Obama creates the jobs, rich republican don't fill them while collecting fat checks.

JR - Obama created temporary jobs with limited term funding. Those jobs were 100% filled. Now that money has run out. The jobs now go away because we simply can't print more money to pay for those jobs.

That largely has been this administration's job creation platform. The Republican party can't be blamed for not filling Obama's CREATED jobs. Those jobs were filled when funded. We just ran out of money.

In my area, that funding covered union firefighters, union police officers, union teachers, and union road construction workers. All these entities are union and vote HARD Democrat. All the presidents measures have been to enrich his voter base. That is why so many now sit here in judgement over the other side of the aisle who did not support these 'job creation' measures. I dare say the majority of posters on MSNBC are left leaning based on a year of posting.

The Republican party would have done so many things differently over the last 3 failed years. That is why they stall and vote NO on many things. They BELIEVE the country is on a failed path of doom. They are trying to turn this around 180 degrees from where we have turned. They can't because of the hard line stance the left has taken. Zero cooperation unless you agree with us! Disagree with us and we will tear this country apart through our nearly 100% registered democratic voting MEDIA (google it). The left is painted as the hero, the right as the party of obstruction.

Us guys in the middle are the ones who get hosed! I know I sound like an extremist, but things have shifted so far left, my middle ground stance looks like the right wing nut jobs others like to run into the ground. Who is looking out for me???

Deadlock in Congress cannot be healthy for the nation, no matter which end of the political spectrum you favor. Perhaps when Obama is re-elected in 2012, the Rublicans will develop a quest for good governance rather than just the quest to make Obama (or any Democrat) a one-term president.

Wall Street have amply demonstrated that they NEED a watchdog with real teeth. It seems that enough senators have been bought-off by these crooks to ensure that nothing will ever change on Wall Street. Pity.

true kurt another agency is not what is needed. what is needed is to reinstate the laws and regulations that where removed and to start enforcing them with the current agencies in place. look at history this worked really well after the depression. the crash did not start to happen untill these laws and regulations where taken off the books thus tieing the current in place agencies hands. the glass stegal act is just one of these laws/regulations.

wake up america all this is going to be is another ripoff of american tax dollars. its just a dog and pony show by both the democrats and republicans to keep true change from happening. it is just another slush fund to be created so inner circle people from the parties can be appointed to do nothing positions and steal our tax dollars.

To Kurt's Comment's: Seriously? You don't think after the melt down caused by

Or, another way to look at it. If you don't see this as an attempt to stop the creation of another worthless government organization then you are just hopelessly ignorant.

The truley ignorant are the morons that keep bloating government, prehaps you should read what all this Obama created agence really does. Obama and the socalist progressives give somthing a name knowing that most of the followers have no clue what it actually does! Kind of like Barnie Franks and Cris Dodd support by the democratic controled house and senate under Bush. They called everone a raciest that said you cannot give loans to people that cannot afford them. I believe Fistey and her crew support this also!!! Socalism does not work!!!

From their own website:

The central mission of the Consumer Financial Protection Bureau (CFPB) is to make markets for consumer financial products and services work for Americans — whether they are applying for a mortgage, choosing among credit cards, or using any number of other consumer financial products.

And its responsibilities are

-Conduct rule-making, supervision, and enforcement for Federal consumer financial protection laws
-Restrict unfair, deceptive, or abusive acts or practices
-Take consumer complaints
-Promote financial education
-Research consumer behavior
-Monitor financial markets for new risks to consumers
-Enforce laws that outlaw discrimination and other unfair treatment in consumer finance

Maybe YOU should read what this agency really does as opposed to take your biased information from people that would like to not see this happen, namely banks.

Socalism does not work!!!

I am assuming you mean Socialism, and the truth is that unregulated capitalism doesn't work either. Badly regulated capitalism is why we are in this economic mess to begin with.

Is this bloat? yes, but it would be unnecessary if crooks were not ruining it for everyone else.

PPsssttt Hey Shawn. Socilaism does not work!!! Well neither does trickle down economics!!!

shawn: Could you please point out the law that mandates the approval of loans to unqualified borrowers ? I have heard this claim repeatedly, yet my search of the code of Federal Regulations has yet to turn up anything which mandates that a loan be given to an unqualified borrower. I've read the Community Reinvestment Act and its associated regulations and found nothing there.

I would appreciate your pointing to the exact law or regulation requiring this.

Whats ina name, I'm sure you will correct me if I'm wrong, but could you please list the job requirements of the CONSUMER AFFAIRS DEPARTMENT that each individual state has in existence at the present time? I would like to closely match their regulations to the proposed regulations of our new bloated department of CONSUMER PROTECTIONS... Thank you!!!

tomorrowsnews:

You know so very little about economics and business and anything pertaining to what these people want to do that you should not comment until you read several sources. And then understand that the less government there is the better.

You seem to know so little about facts and blind to anything pertaining to the greed and thievery going on in REAL LIFE. Maybe you should understand that although it is a very nice romantic notion to have a very small government that does not interfere in your life, and I would like that too, it is not possible in reality because in REAL LIFE there are many, many people that will take advantage of you in a heartbeat given the chance. They will cheat, lie, steal, and possibly kill until everything that was yours is now theirs. That's why we need someone to put their foot down and say no to abuse. IMO we do not need a new agency, this should have been the job of the FBI financial division, and the FTC. But when everyone is sleep at the wheel, underfunded, or in on it; well, there is no hope.

And do go thinking I am excusing the Democrats either. Seeing Nancy Pelosi saying that the, obviously unethical, market trading rules for members of congress were not an issue was just unforgivable.

The American system is rotten at the core, but neither side wants to see their own faults and they don't want to fix it, because at the end is all about Avarice, personal gain. A little greed is good, it moves the world forward; avarice destroys economies, as we know first hand.

And BTW, I am simply pointing out what the agency is supposed to do, according to them. And Shawn should post what in his mind he thinks this agency "really does"; which I can guarantee is nothing more than Lighbaugh's or Hannety's opinion. All the do is create "facts" and show only data that happens to support their per-conceived notions and talking points, ignoring anything inconvenient.

Ellie:

but could you please list the job requirements of the CONSUMER AFFAIRS DEPARTMENT that each individual state has in existence at the present time?

They are one and the same Ellie. The difference is that banks used to be able to only operate in individual states. After that separation was dissolved by congress, it gets difficult for a single state to really protect its citizens against power-house economic behemoths who have both parties in their pockets. Not only that, but most financial institutions are now multinationals and many of them not based in the U.S. What the hell do they care about sanctions from a single state? And even when they do get sanctioned, it doesn't really hurt. They make 100 billion by ripping people off and the fine is 500 million, sounds like a winning scenario to me, well worth the risk. And who pays those fines? the company, not the executives who made those unethical or criminal decisions.

Really? tomorrowsnews is trying to lecture me on the use of spaces and apostrophes in my nickname? That's just hilarious. And then you want to be taken seriously?

Sorry, you're not even worth a response.

They were so gutless that they didn't even allowed it to be treated on the floor? If they're so against it as they claim, why didn't they allow the discussion to come to the floor and let their objections be heard in front of everyone? But no, the elected crooks chose to kill it before the people get informed as to their reasons. In this way, they will not have to lie to the American people in their face (like if we didn't know they are already lying to us). GIVE OUR POLITICIANS THE MINIMUM WAGE, AND SEE HOW FAST THINGS CHANGE IN THIS COUNTRY.

The phrase should be, "Too big to be ALLOWED to fail." They seek to be "big" so that they can get government bailouts when they choose to fail.

Correction to my previous post: replace "pocket appointment" with "recess appointment."

You are your brothers keeper and health care is a human right.

We have already paid our insurance premiums for National Health Care. We have been taxed until nothing is left for nutrition. Only true "Christians, Muslims, Catholics, Buddist etc." believe a fellow human being is not entitled to health care. ??Yeah, Right!!!!

You see we can pick and choose the Laws of God we apply, under our plausible deniable arrogant apathy. Oy Veh?

El Jibaro De Lytle Creek

You are not your brothers keeper. God hold us accountable for our actions, not those of others.

Health care a "right", a house a "right", the ability to have a credit card so you can buy things when you want them versus when you can afford them, a "right". Everyone wants the "rights"- no one wants the responsibility.

Do you have a savings account for your health care costs? You should. We all get sick. Be prepared.

I would like the rights given to me under the constitution, please. Those are the one under compromise right now under this administration.

Angryamerican55 you mean when those same Republicans voted against their very own ideas in the health care bill because President Obama were for them. Their new motto I was for it before I was against it, the majority of the health care law was their very own ideas. President Obama has implemented a lot of their ideas and now they are against their own ideas. So by their standards their very own ideas are bad ideas and with that said Republicans do not need control of the White House or Congress until they get their act together.

well tambo if the govt would stop taking over a third of my pay check i could afford a health savings account. since they cant seem to stop doing that i say i get something back from my taxes that i pay.

Larry, be careful what you say, Mancy Peloser will dig up some dirt on you....

Larry the Arizona law was pounded through by the "Pubs. Alabama followed and is now bankrupting its farmers because no one will take the jobs now open. Good work!

Jager, perhaps the farmers aren't looking for employees in the right job pool? Have you suggested the department of social services? Maybe a few of them will feel guilty enough and want to give back for the benefits they've accepted?? Just sayin!!!

Thank you, Jager. 9% unemployment rate and farmers are going bankrupt because those same Americans won't take those jobs? Hmmm.

With all the reference to the Depression I hear lately, I can assure you that during the Depression people took whatever work that they could get. Good to know we still have room to be picky.

Said the terrorist.

I pray you're wrong, too, El Jibaro. We don't need to do an armed revolution. We can revolt at the ballot box. It may take a few election cycles to clean up the mess that is our Federal government, but we, the people, can, and WILL do it, starting now.

When we realize, as some of us already have, that candidates for office at all levels of government, especially the Federal government are selected for us to vote on by the Big Money interests that finance their campaigns and then hold the elected officials accountable for working for Big Money's interests, we can start voting for self-financed candidates. It may not completely solve the problems, but it would be a good start.

An armed revolution, ironically, would only be possible because Republicans have fought consistently to protect your 2nd amendment rights.

And Oshambles has his foot on the back of the neck of the American people. This egotistical idiot is a socialist and you would have to be an idiot to vote for Barry class warfare to get his ass elected again. Why doesn't he run on that fine record he has. How about the Keystone pipeline dufuss??????????

I put my pants on one leg at a time. How do you do it?Yes, Bush signed tarp, as he was the president at the time. However, didn't he consult obama before signing it? Typical dem, twist and turn everthing to suit you.

"Consult obama".....? How and when did this supposed consultation go down?

What is your complaint anyway? TARP was a "success". The FED loaned the banks $4 TTTrillion in zero interest loans to make sure that the TARP loans would be paid back to the Treasury.

....great! Another "Obama is a Socialist.." rant from another guy who has no clue what "socialist" actually means. Geez--open a book sometime, guy.

You are correct - he is more of a Fascist by definition

The arguments coming from "conservatives" are truly absurd. At this point I really don't know what else to say, other than how uninformed those that participate in political arguments have become.

Useless rant full of other people's ideas.

The righties have gone completely bat @!$%# crazy. There is no talking to these guys. They have taken every single mother@!$%#ing propaganda point spouted by the rightie lunatic media talkingheads and imbibed them in their hate speech against Obama. They have no @!$%#ing clue of what is going on in the country ....most of them are @!$%#ing middle school drop out retards and they are just lapping up everything FAUX has to feed them from Obama's being a muslim ...to his britch certificate being a forgery to he is a communis, socialist fascist , no we don't need to regulate wall street, no we don't need health care reforms. No we don't need to protect the environment. No there is no global warming.

The greedy mother@!$%#ing pigs of the right wing GOP are being enabled by the clueless illiterate xenophobic racist runts of their dickass base....

@!$%# all rightie mofos.

No kidding! I really hate when Boehner does that krap.

Great response blearyeyed.....

Shows your age level.

The federal employees average $123,000 a job while producing nothing and protecting nobody - and then there is that incredible benefit package. Of course they all vote Democrat so I guess the money is well-spent from that point of view. Buying votes in Chicago was a big business and Obama has brought his expertise to Washington to continue that practice there. You cann see why all the liberals on this page are upset!

Meanwhile the rest of us are told to just "eat cake" and keep the money coming in to feed the fat cats in D.C.

starting with Harry Reid

Harry Reid didn't block the nomination of someone who will help protect consumers, twice now. The Republican plutocrats did that.

Nominee that will help protect consumers?????

So will this nominee go after Corzine (Obama's pick to replace Geitner) and the Trillion he STOLE from his investors??????

Of will he just forget about it and "lose" the memos as they did in the Fast and Furious scandal?

This agency is waste of taxpayer dollars. There is no need for it. If the FDIC, SEC and countless other government agencies would have done their jobs the financial fiasco would not have been anywhere near as severe. Piling on another revenue draining government agency is not the solution. Let's kill this worthless concept before it grows. Once an agency is in place it never goes away. Why do we have the FBI, ATF, TSA and Homeland Security? Think of billions of our money that is being wasted on duplication and administrative overhead. If we eliminated all non-essential federal government functions, the budget would be in balance immediately with tax reductions for everyone (even those that don't pay tax).

Anyone who thinks that this add-on department will protect consumers has to be smoking something really wild. Thank you Republicans for stopping yet one more useless but costly department from being added to that already bloated useless wasteful bureaucracy!

Wakeup America: Both the SEC and FDIC are completely corrupt. That is why this agency was created. It has no influence from banks.