"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Agency Created by Dodd-Frank has Authoritarian Powers
Submitted by Don Stacy on Tue, 2012-07-24 00:00
in
"The chief purpose of the Dodd-Frank Wall Street Reform and Consumer Protection Act, passed 2010, was to avert the next financial crisis. So why does the new regulatory agency created by the act — the Consumer Financial Protection Bureau (CFPB) — enjoy sweeping authority over so many consumer credit and other financial products and services that played no significant role in the crisis?"
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