Protecting consumers is not really in the Republican Party's arsenal, or their DNA.
And leaving our Wall Street overlords unfettered do whatever the fuck they want,is basically a prerequisite for being a loyal conservative.
"Under Trump, a voice for the American consumer goes silent"
"In the 135 days since the Trump administration took control of the nation’s consumer watchdog agency, it has not recorded a single enforcement action against banks, credit card companies, debt collectors or any finance companies whatsoever."
"That’s likely no fluke: Mick Mulvaney, appointed acting director of the Consumer Financial Protection Bureau in late November, promised to shrink the bureau’s mandate and take a much softer approach to enforcement, and records reviewed by The Associated Press indicate he has kept his word'
"A review of a CFPB database obtained by the AP through a Freedom of Information request shows that zero enforcement actions have been taken since Nov. 21, 2017"
https://apnews.com/c80a20db4a5942e7af9632b0cbf75700
"Trump Watchdog Tells Banks He Really, Really Likes Them"
"Former banker Joseph Otting told a crowd of bankers that his Office of the Comptroller of the Currency is doing its best to make life easier for them -- a sentiment that might have been surprising when the 2008 financial crisis was more fresh in the public’s memory"
https://www.bloomberg.com/news/artic...lly-likes-them
It ain't deregulation but rather the loss of consumer protectionism
Protecting consumers is not really in the Republican Party's arsenal, or their DNA.
And leaving our Wall Street overlords unfettered do whatever the fuck they want,is basically a prerequisite for being a loyal conservative.
ThatOwlWoman (04-10-2018)
Interesting dynamic that its supposedly conservatives who want an Ayn Randian version of Wall St yet the great Democratic President Bill Clinton signed legislation for partial repeal of Glass-Steagal and the Commodities Futurization... Derivatives act.
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