Trump Sends Sympathies To 'Financial Institutions' Over Consumer Agency

[DonViejo]

Source: Talking Points Memo




By MATT SHUHAM Published NOVEMBER 25, 2017 6:30 PM

President Donald Trump on Saturday expressed his sympathies for financial institutions a day after naming his budget director acting director of the Consumer Financial Protection Bureau.

Trump said the agency, authorized by the 2010 Dodd-Frank Act as a watchdog for consumers in their interactions with large financial institutions, had “devastated” those institutions and made them “unable to properly serve the public.”

“We will bring it back to life!” he said, presumably referring to himself and Mick Mulvaney, the White House budget director who Trump said Friday would take over as the CFPB’s acting director. Mulvaney in 2014 said agency was a “sick, sad joke.”

Link to tweet

Link to tweet

But Mulvaney’s ascension, even temporarily, to the head of the consumer agency is contested: After former CFPB Director Richard Cordray announced his resignation Friday, he elevated his chief of staff, Leandra English, to be the agency’s deputy director. Cordray argued that, according to Dodd-Frank, English would become acting director — rather than Mulvaney — upon his resignation, which was effective at midnight.

Read more: http://talkingpointsmemo.com/livewire/trump-sends-sympathies-to-financial-institutions

[Irish_Dem]

1. What will happen, will both people go to the office and fight over who sits at the

desk?

[irisblue]

7. Leandra English, better have spent the last few days w/ attorneys.

It seems she would have the legal standing to play hardball @ Federal level court, now is the time to recall the how the GOP has acted before (Brooks Brothers 'riot)
Leandra English is the successor @ CFPB

[Irish_Dem]

8. I hope she goes to Fed Ct on Monday am then.

Yes I know, the GOP just takes what it wants.
And dares anyone to stop them.

[underpants]

2. Seriously STFU

You pardon the turkey, get on the helicopter to go to the plane, and then go away for the weekend.

Yes maybe play some golf, serve a meal to some military, do a video thing on football pre-shows, but just stay low and have a quiet weekend with your family.
All bland proforma stuff.


I'm not big on being "normal" but I AM big on shutting the fuck up. Stop being a dick and making a complete ass out of yourself.

[Marie Marie]

3. Well it's nice to see that he CAN show compassion to something.

That's more sympathy than he showed to fallen soldiers and their families. And we all thought he was an unfeeling a-hole.

[Ilsa]

4. He's hoping they'll start lending to him again.

He's tired of sucking up to russian oligarchs, I guess.

[moonseller66]

5. The Twilight of Trumpf

Like the Twilight Zone Episode, To Serve Man...
I suspect the imbecile King really meant to add;

“unable to properly serve the public” to the financial institutions!

[dalton99a]

6. Con man fighting for the little guy

as usual

[htuttle]

9. Oh Noes! We need to save teh banks1!!1!

As others have said, those who still believe this man about anything deserve what they get. The rest of us, however, do not.

[bucolic_frolic]

10. President performs CPR on bank

treats institutions better than humans

Is it a bank fetish? Money fetish?

He has feelings for the banks?

He's gone round the bend. For sure.

[BootinUp]

11. I guess its time to bend over. nt

[TeamPooka]

12. He's basically saying he's sending a guy to protect the banks at a Consumer protection agency

[TomCADem]

13. Feeling Sorry for Banks is the New Populism!

Who knew?