Entries Tagged as 'CFPB'

The Cordray Crisis

David Frum January 5th, 2012 at 11:02 am 89 Comments

Constitutional abuse begets constitutional abuse.

President Obama has engaged in a dubious maneuver to force a recess appointment through a Senate that denies it has recessed.

(Brad Plumer has a good run-down of the legal issues, here.)

The president’s action has ignited a fireworks show of Republican outrage. And yes, Obama has here pushed presidential power beyond past limits.

But it’s not only presidents who can bend the rules. Click here to read more

Who’s Afraid of Elizabeth Warren?

August 11th, 2011 at 7:36 am 76 Comments

On July 21st, we marked the one year anniversary of the passage of the Dodd–Frank Wall Street Reform and Consumer Protection Act, the Democratic Congress’ legislative response to the catastrophic financial collapse of 2008.

Dodd-Frank failed to end the Too-Big-To-Fail doctrine.  Quite the opposite. By creating  a new category of “systemically important institutions” Congress has put a gold star on institutions which will always be bailed out.

Click here to read more