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WHO is in charge?the doughnut man! ,its a sad joke

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carbon20 View Drop Down
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    Posted: November 27 2017 at 1:26pm

CFPB in chaos as chief refuses to step aside for Trump's man

White House Budget Director Mick Mulvaney, President Donald Trumps pick for acting director of the Consumer Financial Protection Bureau, walks back to the White House from the CFPB buildingImage copyrightGETTY IMAGESImage captionMick Mulvaney - who has previously called the CFPB a "sick, sad joke" - brought donuts for staff on Monday

The US consumer financial watchdog was plunged into turmoil on Monday as rival directors vied to take charge amid a lawsuit against the White House.

The Consumer Financial Protection Bureau (CFPB) director resigned last week and appointed his former chief of staff, Leandra English, to replace him.

She has sued after President Donald Trump instead named his budget chief Mick Mulvaney to lead the CFPB.

The CFPB, unpopular on Wall Street, was set up after the 2007 financial crash.

Who's in charge?

Leandra English sent the agency's staff a brief email on Monday saying: "It is an honor to work with all of you."

Ms English signed it, "Acting Director".

English appeared for a photo-op with Democratic Senators on Monday afternoonImage copyrightCBSImage captionMs English (left) appeared for a photo-op with Democratic senators on Monday afternoon

But Mr Mulvaney - who has previously called the CFPB a "sick, sad joke" that should be scrapped - arrived at the bureau on Monday morning carrying a bag of donuts for employees.

He wrote in a memo to staff: "Please disregard any instructions you receive from Ms English in her presumed capacity as Acting Director."

Mr Mulvaney also signed off as "acting director", urging staff to pop by his office on the fourth floor and "grab a donut".

Grey line

Beware of small-government conservatives bearing donuts

Analysis by Anthony Zurcher, BBC News

"High drama" and "bureaucratic power struggle" are words that don't usually go together, but these are unusual times in Washington, DC.

A donut-carrying Republican who seemingly hates the controversial agency he's been tasked with running is up against a Democratic-appointed official who has filed a lawsuit that reaches new heights of legal snarkiness.

Behind it all is the fact that the CFPB is a key component of Democratic attempts to rein in what they viewed as the recklessness and cruelty of big US financial institutions that contributed to the financial collapse of 2008. Republicans, on the other hand, consider the bureau to be a regulatory beast stifling economic growth.

Given that conservative attempts to change the agency through legislation have run aground in the political morass that is the US Congress, the future of the CFPB largely rests in who is put in charge.

In other government entities, such as the Environmental Protection Agency, the State Department and the Justice Department, Trump loyalists are hard at work altering the culture and curtailing the ambitions of federal bureaucrats.

Now the administration has a chance to go to work on the CFPB. Democrats, however, are seemingly eager for a high-profile fight.

Grey line

What is the CFPB?

The 1,600-employee watchdog was set up in 2010 to protect Americans from predatory lenders.

Republicans say it has placed an excessive regulatory burden on Wall Street.

Democrats say the CFPB is reining in the very excesses that helped spur the global financial crash a decade ago.

Mr Trump took to Twitter on Saturday to criticise the agency, calling it a "total disaster".

He argued that because of the CFPB "financial institutions have been devastated and unable to properly serve the public".

Richard Cordray quit as CFPB director on Friday amid speculation he may run for governor of Ohio next year.

Skip Twitter post by @realDonaldTrump

The Consumer Financial Protection Bureau, or CFPB, has been a total disaster as run by the previous Administrations pick. Financial Institutions have been devastated and unable to properly serve the public. We will bring it back to life!

End of Twitter post by @realDonaldTrump

What about this lawsuit?

On Sunday, Ms English asked a judge at a federal court in Washington DC to issue a temporary restraining order against Mr Trump's appointment of Mr Mulvaney.

In her lawsuit, she called herself the "rightful acting director" of the CFPB.

The legal action said: "The President's purported or intended appointment of defendant Mulvaney as Acting Director of the CFPB is unlawful."

The White House says the president has the authority to appoint Mr Mulvaney under the Federal Vacancies Reform Act.

But a lawyer for Ms English says the law states that as deputy director she is entitled to take power until the Senate can vote to confirm another director.

The lawsuit has been assigned to a judge who was appointed this year by President Trump, Reuters news agency reports.

A Trump administration lawyer who wrote the memo defending Mr Mulvaney's appointment reportedly represented a Canadian payday lender before the CFPB last year.

Supporters of the Consumer Financial Protection Bureau hold signs as they gather in front of the agency in Washington DCImage copyrightGETTY IMAGESImage captionSupporters of the consumer bureau held a demonstration on Monday

What's the reaction?

Arkansas Republican Senator Tom Cotton, a member of the chamber's banking committee, called Ms English's lawsuit "just the latest lawless action" by the CFPB, which he called "rogue" and "unconstitutional".

"The President should fire her immediately and anyone who disobeys Director Mulvaney's orders should also be fired summarily," Mr Cotton wrote in a statement.

But Illinois Democratic Senator Dick Durbin told CNN the White House decision was aimed at eradicating the CFPB.

"Wall Street hates it like the devil hates holy water," he said.

Skip Twitter post by @SenSchumer

The process for succession laid out in Dodd Frank is clear: Leandra English, not Mick Mulvaney, is the acting dir of @CFPB. By attempting to install Mr. Mulvaney as director, the Trump admin is ignoring the established, legal order of succession that we purposefully put in place.

End of Twitter post by @SenSchumer

And how has Elizabeth Warren got involved?

The left-wing senator from Massachusetts was one of the driving forces behind the creation of the CFPB and over the weekend she launched a stinging attack on the president.

"Less than a decade after taxpayers bailed out the big banks, the banking industry made record profits last year," she tweeted.

"That's who you're worried about, realDonaldTrump?"

It was therefore probably no coincidence that Mr Trump on Monday used his nickname for her, Pocahontas, to describe her to an audience of native Americans,

Mrs Warren, who has Native American heritage, responded by saying it was "deeply unfortunate" that the president "can't even make it through a ceremony honouring these heroes without throwing out a racial slur".

The White House denied the term was racial.

Media captionThe US president makes a joke about Senator Elizabeth Warren in front of Native Americans.

Mrs Warren, who has Native American heritage, responded by saying it was "deeply unfortunate" that the president "can't even make it through a ceremony honouring these heroes without throwing out a racial slur".

The White House denied the term was racial.

12 monkeys!!!!!
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Satori View Drop Down
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Satori Quote  Post ReplyReply Direct Link To This Post Posted: November 27 2017 at 3:27pm
Donald J. Trump@realDonaldTrump

The Consumer Financial Protection Bureau, or CFPB, has been a total disaster as run by the previous Administrations pick. Financial Institutions have been devastated and unable to properly serve the public. We will bring it back to life!


Trump LYING AGAIN?

OR

just being STUPID

oh yeah

its both

ANYTHING that helps the average person is being systematically attacked and destroyed by this admininistration

I think the political model Trump and the Republicans are using is pretty much the same as what you see in Putin's Russia

“The point of modern propaganda isn’t only to misinform or push an agenda. It is to exhaust your critical thinking, to annihilate truth.” Gary Kasparov
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Post Options Post Options   Thanks (0) Thanks(0)   Quote jacksdad Quote  Post ReplyReply Direct Link To This Post Posted: November 27 2017 at 4:07pm
Mulvaney in charge of the CFPB? Oh boy...


"Buy it cheap. Stack it deep"
"Any community that fails to prepare, with the expectation that the federal government will come to the rescue, will be tragically wrong." Michael Leavitt, HHS Secretary.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote EdwinSm, Quote  Post ReplyReply Direct Link To This Post Posted: November 27 2017 at 11:21pm
The legal part seems to be about whether the President can by-pass the Senate and rule directly (It seems that the Senate needs to confirm his appointment).

As the joke about democracy and dictators goes:  Democracy is about one man - one vote: Trump wants the be that one man with his being the one vote allowed.



ps.  Is the pay so poor that a doughnut can buy the allegiance of the staff? 
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Post Options Post Options   Thanks (0) Thanks(0)   Quote carbon20 Quote  Post ReplyReply Direct Link To This Post Posted: November 28 2017 at 12:55am
I thoulght he could only appoint someonenif there was a vacancy,there wasn't,so he can't, without Senate approval,he thinks the people that wrote the rules where as stupid as he is
12 monkeys!!!!!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote carbon20 Quote  Post ReplyReply Direct Link To This Post Posted: November 28 2017 at 1:11am
"what a swine"
that's a very polite way of saying your a "PIG" well said Mr Eisen,a true gentleman....time is short for chump.....
12 monkeys!!!!!
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