As if that weren’t enough, Obama’s new credit cop, the Consumer Financial Protection Bureau, is out to recreate the conditions that caused the 2008 mortgage collapse by pressuring banks to make loans to people who can’t afford them in the name of racial “fairness.” And it’s happening behind closed doors.Go and read it with a cold, wet washcloth on your forehead, because your blood may boil.
CFPB won’t let private citizens or reporters into meetings with its 25 paid advisers, the Consumer Advisory Board, whose taxpayer-compensated members include trial lawyers who make a living suing banks, former ACORN activists, and even a member of the Democratic National Committee. Some have taken hundreds of thousands of dollars in federal grant money to ferret out discrimination in housing and lending.
“They want input from liberal activists and Democratic partisans without public scrutiny,” said Competitive Enterprise Institute official John Berlau, who last year represented a Mississippi businessman barred from a Consumer Advisory Board meeting in what Berlau says was a “clear violation” of the Federal Advisory Committee Act.
Sunday, February 16, 2014
I Don't Usually Link To Op-Eds
But in this case I'll make an exception.