TRUMP'S SHOCK TROOPS!

[Dukasaur]

How about to save the Consumer Financial Protection Bureau, or do you enjoy getting fucked up the ass by the bankers?

[jusplay4fun]

First, Duk apparently assumes that if Trump and Musk are cutting it, THIS MUST hurt the consumer and the middle class. My investigation says that the regulation passed so far IS NOT EFFECTIVE and the result of these good intentions and regulation actually hurt the consumer and the middle class. Thus this program is NOT effective

Second: I can say that I have not been a victim of fraud, so find a real cry baby. I am NOT one.

Since my wife is a great manager of our money, I think that the odds of us being being a victim of fraud is less than that of me winning 1 troop vs 50 attackers on CC.

Further, how effective is the CFPB? Let me support my first point with a rather comprehensive series of study by the Harvard Kennedy School:

FAILURES AND COSTS OF CONSUMER FINANCIAL PROTECTION REGULATION
Second in a series of six papers on Regulation Innovation

From the Harvard Kennedy School

.... taken as a whole, the current system does not deliver the results envisioned when
these laws and regulations were conceived and launched.

more:

A 2015 article in Notre Dame Law Review Online entitled “The Failure of Anti-Money
Laundering Regulation: Where is the Cost-Benefit Analysis?” contains a section subheading called,
“Compliance Costs are Sky-Rocketing.”

The cost of compliance and the regulation is not effective because these costs take bankers away from the core business of making ACTUAL loans to those needing such loans. This is a typical example of regulations not achieveing what was intended and having unintended consequences that actually hurt consumers and the middle class.

the fight against financial crimes has swallowed up the core business of banking, such as providing loans and banking services.

Compliance costs of all kinds are disproportionately high for smaller banks, a fact that tends to
drive some of them to curtail many kinds of consumer services. A survey of 974 community banks by the
St. Louis Federal Reserve bank found this pattern. Compliance expense at the surveyed small banks
amounted to $4.5 billion in 2014, or 22% of net income. This broke down as 11 percent of these banks’
personnel expenses; 16 percent of data processing expenses; 20 percent of legal expenses; 38 percent of
accounting and auditing expenses; and 48 percent of consulting expenses.57

and

Another unintended effect of regulatory uncertainty and burden is that they can deter new
competitors from entering financial fields, especially banking. This can reduce competition and
innovation.
A final factor is that high regulatory costs, in and of themselves, make financial services
structurally more expensive to produce, and thus less affordable for many consumers. Every financial
service carries a kind of “regulatory tax” that adds to its price tag.
The high costs of compliance should be evaluated in relation to the unsatisfactory and sometimes
perverse outcomes described above. This in turn raises the question, what would it cost to achieve good
outcomes?

source of above quotes:

https://www.hks.harvard.edu/sites/defau ... _final.pdf

and

January 2019

a half-century of traditional U.S. regulation aimed at promoting consumer financial fairness and inclusion has largely failed.

https://www.hks.harvard.edu/sites/defau ... uction.pdf

and MORE:

Controversies
A 2013 press release from the United States House Financial Services Committee criticized the CFPB for what was described as a "radical structure" that "is controlled by a single individual who cannot be fired for poor performance and who exercises sole control over the agency, its hiring and its budget." Moreover, the committee alleged a lack of financial transparency and a lack of accountability to Congress or the president. Committee vice chairman Patrick McHenry, expressed particular concern about travel costs and a $55 million renovation of CFPB headquarters, stating "$55 million is more than the entire annual construction and acquisition budget for GSA for the totality of federal buildings."[57]

https://en.wikipedia.org/wiki/Consumer_ ... troversies

[mookiemcgee]

My investigation says

lol, Jimboston 2.0 doesn't even manage his own family finances but as an expert his personal 'investigation' should be for sure be credible right?

Meanwhile, Nazi salute 2.0 happened today at CPAC, what's do the ostriches want to pretend it was this time? Roman salute? Is Steve Bannon also autistic? Is being autistic now a pre-req to being a Trump advisor?

[jusplay4fun]

My investigation says

lol, Jimboston 2.0 doesn't even manage his own family finances but as an expert his personal 'investigation' should be for sure be credible right?

non sequitur: I cited what comprise my investigation.

When you have the facts, talk facts. When you have nothing, attack the messenger.

Mookie's cartoon applies to Mookie in this case.

And JimB is not credible, and thus is also non sequitur.

[Pack Rat]

Some people just live in a fabricated space that defies any common sense or logic.

[jusplay4fun]

Some people just live in a fabricated space that defies any common sense or logic.

Yes, and his name is (how appropriate) pack rat.

[Pack Rat]

Trump's insurrectionist verbally attacks DC cop who was hospitalized on January 6th attacks.

Fukn @ss insurrectionist should be jailed and not walking around harassing police.

https://www.tiktok.com/t/ZT2mQPXgu/

[jusplay4fun]

Trump's insurrectionist verbally attacks DC cop who was hospitalized on January 6th attacks.

Fukn @ss insurrectionist should be jailed and not walking around harassing police.[/b]

Replace the donkey head with a rat head and this would be PERFECT for our resident pee-rat.

Okay, after some thought, here is a better sign for pee-rat to wave around as he YELLS and screeches:
TRUMP is {falsely accused of being} a
FASCIST
RACIST
INSURRECTIONIST..!!

pee-rat would USE ALL bold and HUGE letters, of course.

[Pack Rat]

He was once a loyalist for King Trump.

[jusplay4fun]

He was once a loyalist for King Trump.

WoW: pee rat did not use a TikTok Video. STOP the PRESSES Blast this on Social Media.

[Pack Rat]

He was once a loyalist for King Trump.

WoW: pee rat did not use a TikTok Video. STOP the PRESSES Blast this on Social Media.[/quoteMr.

You have quite the man crush on me.

[jusplay4fun]

He was once a loyalist for King Trump.

WoW: pee rat did not use a TikTok Video. STOP the PRESSES Blast this on Social Media.[/quoteMr.

You have quite the man crush on me.

More fantasies by our resident pee-rat.

and what is

[/quoteMr.

??

I assume that you wanted to quote something I said that you found succinct, cogent, and brilliant, as usual.