Charles Pierce: it's time for HRC to insist that Debbie Wasserman Schultz resign.

[phantom power]

Absent the intervention of a merciful god, the leader of the Democratic side in this rockfight will be a woman who believes in protecting the business of legalized extortion and of legal loan sharks.

According to a memo obtained by the Huffington Post, Wasserman Schultz is trying to rally congressional Democrats around a bill that would delay the CFPB's new rules for two years and nullify those rules in any state that adopts its own payday-lending law, like the DNC chair's own home state of Florida. The key thing about such state laws is that they're likely to be much kinder to the profits of payday lenders than what the CFPB is crafting. In Florida, the average interest rate on a payday loan is still 304 percent, according to Pew Charitable Trusts. What's more, 76 percent of all payday loans in the state are turned loans—loans taken out to pay back another loan—according to Americans for Financial Reform. Thus, Florida's law has left the highly profitable vicious cycle of payday borrowing intact.

It is time for her to go. More important, it's time for Hillary Rodham Clinton to insist that she go.

In addition to putting the Congress behind some of the worst predatory bastards in America, this move also gives the lie to anything HRC says about her dedication to reigning in financial crimes. Moreover, this puts the DNC squarely on the other side of the issue from both Bernie Sanders and Senator Professor Warren and, therefore, on the other side of the issue from about 90 percent of some voters she is going to need desperately in the fall. (The payday loan industry always has been something that jumps on SPW's last nerve. This latest move by DWS completely undermines the work of the Consumer Finance Protection Bureau, which already is under siege from a number of different directions and will be one of the prime targets of any Republican president also armed with a Republican Congress. And can I imagine He, Trump talking shameless ragtime about payday lenders as part of his absurd kabuki financial populism? You bet I can.

This is nothing new for DWS, who's been looking out for these creeps for quite some time because they nest in thousands of seedy strip malls up and down Florida. But to have her presiding over a presidential campaign that has as its driving force the financial crimes that tanked the economy, crimes that reach all the way from Goldman Sachs down to Sunrise Gotcher Money Here on Route 4 in Lakeland, is bad politics on all angles.

http://www.esquire.com/news-politics/politics/news/a42611/debbie-wasserman-schultz-resign/

[revbones]

1. Hillary is hoping to win, so she won't upset her corporate backers

But if she does, then she'd just bring DWS into the administration.

[Kelvin Mace]

2. Dear HRC backers

Here is one little thing that HRC could do which would at least incrementally improve her standing on the Left:

Fire DWS!

Defending her, or making excuses for her will just reinforce our views about her being Wall Street's creature.

[99th_Monkey]

11. I know DWS "works for HRC" but technically only Obama can fire DWS

I don't think Hillary has the standing legally or technically do fire her.

Of course, Hillary could publicly denounce DWS -- as well she should --
but I don't think she can "fire" her.

[Kelvin Mace]

15. OK then, denounce her and call on the president to fire her

I'll accept that.

[99th_Monkey]

16. TOTALLY!! Down With Debbie Downer. Say it Hillary!! nt

[JustABozoOnThisBus]

3. DWS might step down from DNC chair ...

... when she gets a cabinet post from HRC (soon to be renamed PHC)

[salinsky]

4. Where have you gone, Howard Dean? ....

.... a Democratic Party turns it's lonely eyes to you ...

... woo, woo, woo ...

[elljay]

6. To a lobbying firm

where he lobbies on behalf of Big Pharma.

[jeff47]

7. He's a lobbyist for health insurance companies now. (nt)

[shanti]

8. he sold out n/t

[salinsky]

9. Yeah, but ...

... still way better than DWS.

[joeybee12]

10. Charles is inder the impression that Huffington Post is trustworthy...

They're garbage...when I see this elsewhere I will comment, but not from a site known for its bias and outright lies.

[IDemo]

14. H.R.4018 - Consumer Protection and Choice Act

here -> https://www.congress.gov/bill/114th-congress/house-bill/4018

Cosponsors -> https://www.congress.gov/bill/114th-congress/house-bill/4018/cosponsors

[99th_Monkey]

12. Thank you Mr. Pierce: DWS is a disgrace to the Party & the nation.

Every day she remains head of DNC, the stench from the rot at the center
of the Democratic Party gets fouler and more intolerable.

Down with Debbie Downer!!!!

[TipTok]

13. Why would she fire her BFF and donor?