Posted on 05/16/2024 7:31:47 AM PDT by Tell It Right
The 7-2 ruling, whose majority opinion was written by Justice Clarence Thomas, a conservative, reversed a decision by the 5th Circuit U.S. Court of Appeals.
Three other conservatives, and the court’s three liberal justices, joined in the majority opinion. The court’s two remaining conservative justices, Samuel Alito and Neil Gorsuch, dissented.
(Excerpt) Read more at cnbc.com ...
consumers need to be protected FROM government, not by government...
They are so wrong. Nothing could be clearer than that the House of Representatives would be the source for all money bills. The Federal Reserve is a Frankenstein creation.
despite its lofty-sounding title, just another UOW (useless or worse) federal govt agency
created as a place to stash D party operatives onto the public taxpayers’ payroll
essentially has done very little except rewrite and even make worse hundreds of already-existing regulations from other pre-existing govt agencies
Justice Thomas wrote the majority with a 7-2 majority. I’m thinking I’m ok with it. Justice Thomas wouldn’t screw the people.
Yep, Thomas is usually on target. There are a lot of laws that I don’t like, but doesn’t mean they’re unconstitutional.
It will now require legislation to kill the CFPB.
I'm sorry, but you are immensely naive if you believe that.
The simple reality is, guys like Thomas (and Kavanaugh) are statists at heart. Pretty much every federal judge (or Justice) is ultimately going to land there. The Supreme Court (and other Article III institutions) are the third branch of what is, ultimately, a "small-p" political system. Justice Thomas gets a paycheck with an eagle on it, just like any federal worker . . . metaphorically speaking, that it; everything is "direct deposit" nowadays.
When all is said and done, someone like Thomas will never, ever ultimately embrace a position where the power of the federal government, of the federal "state," is truly diminished in favor of the people. Anybody waiting for the federal judiciary to stand up for the rights of the people in opposition to the power of the state are going to be waiting a very long time.
No aspect or element of our current federal governmental system is coming to save you. People need to accept that reality. Only then can the right questions be asked -- e.g., not "who should we vote for?" but "the current system doesn't work anymore and never will again; so what do we do now?"
Time's up.
In other words, the CFPB's funding structure is legal because Congress said so. Sounds like a no-brainer to me.
How is this any different than Congress legislating a funding mechanism for Federal lands protection through the U.S. Dept. of the Interior -- using grazing fees, oil/gas drilling royalties, or visitor fees at national parks as the source of the funds?
“Justice Thomas wrote the majority with a 7-2 majority. I’m thinking I’m ok with it. Justice Thomas wouldn’t screw the people.
I’m sorry, but you are immensely naive if you believe that.
The simple reality is, guys like Thomas (and Kavanaugh) are statists at heart. Pretty much every federal judge (or Justice) is ultimately going to land there. The Supreme Court (and other Article III institutions) are the third branch of what is, ultimately, a “small-p” political system. Justice Thomas gets a paycheck with an eagle on it, just like any federal worker . . . metaphorically speaking, that it; everything is “direct deposit” nowadays.
When all is said and done, someone like Thomas will never, ever ultimately embrace a position where the power of the federal government, of the federal “state,” is truly diminished in favor of the people. Anybody waiting for the federal judiciary to stand up for the rights of the people in opposition to the power of the state are going to be waiting a very long time.
No aspect or element of our current federal governmental system is coming to save you. People need to accept that reality. Only then can the right questions be asked — e.g., not “who should we vote for?” but “the current system doesn’t work anymore and never will again; so what do we do now?”
Time’s up.”
These are cold, hard facts.
That being said, broke corrupt govt is the last people who ought to be making the rules on a free American citizen's interaction with his financial planner.
Link to the decision itself: https://www.supremecourt.gov/opinions/23pdf/22-448_o7jp.pdf
They aren’t stashing them anymore. They are putting them everywhere, anywhere, as many as they can!
Yup. That’s why the pressured corporations and businesses with protests and lawsuits to create DEI positionings.
Hopefully, the overreach and Paly-hams is stopping this.
Hmm. I find this interesting. Thomas voted with the leftists and not with Alito.
they use our tax money (and govermental positions) to finance, pay off, reward their political operatives
it is corrupt as Hell
Because unlike a fee collected at a national park, this funding source is a financial sleight-of-hand. The federal reserve’s income comes mostly from interest on Treasury bills it holds, i.e. federal debt. By law, that income would normally go back to the Treasury, so now apparently some of it instead will go to CFPB. This can only happen because the government is keeping two sets of books (3 if you count the social security system). The CFPB is being funded through accounting fictions. Does it have a budget cap? I don’t know, that would normally be set in the appropriation. since the federal reserve’s “income” is the hundred-billion range, this means CFPB could become one of the largest federal agencies over time, other than Medicare/medicaid and SS.
It may have to do with the argument against the CFPB being about how it's funded. Perhaps if the freedom lovers against the CFPB had instead argued that the federal govt doesn't have the authority to get in the way of Americans and their financial planners, Thomas would have voted like we'd expect.
Thomas went the wrong way on another decision lately as well. I think he may be slipping in his old age. To soon to tell how badly.
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