OPINION: Politicization of the public good
As Congress struggles to enact legislation that will bring tax relief to the rich and decimate healthcare for the not-so-rich, another battle is brewing beneath the Swamp; the never-ending struggle to decimate the lusterless policies that affect the lives of ordinary Americans. Policies put in place to protect us no matter what our political persuasion may be.
The tussle over who will wrest control over the Consumer Financial Protection Bureau (CFPB) is the latest move by the administration to gut any regulatory body designed to ensure that “the 99 percent” of us are not taken advantage of, or endangered by financial institutions.
CFPB is part of the Dodd-Frank Wall Street Reform and Consumer Protection Act and was designed to avoid the financial calamities that occurred in the wake of the stock market collapse of 2008. The same Wall Street that then-candidate Trump railed against during the 2016 presidential campaign; swamp-dwellers the president promised to rid the American public of and has, yet, failed to do.