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Answerable to No One (Consumer Financial Protection Bureau)
Washington Post ^ | Nov 16, 2011 | George Will

Posted on 11/17/2012 10:39:47 AM PST by what's up

There can be unseemly exposure of the mind as well as of the body, as the progressive mind is exposed in the Consumer Financial Protection Bureau (CFPB), a creature of the labyrinthine Dodd-Frank legislation. Judicial dismantling of the CFPB would affirm the rule of law and Congress’s constitutional role.

The CFPB’s director, Richard Cordray, was installed by one of Barack Obama’s spurious recess appointmentswhen the Senate was not in recess. Vitiating the Senate’s power to advise and consent to presidential appointments is congruent with the CFPB’s general lawlessness.

The CFPB nullifies Congress’s power to use the power of the purse to control bureaucracies because its funding — “determined by the director” — comes not from congressional appropriations but from the Federal Reserve. Untethered from all three branches of government, unlike anything created since 1789, the CFPB is uniquely sovereign: The president appoints the director for a five-year term — he can stay indefinitely, if no successor is confirmed — and the director can be removed, but not for policy reasons.

One CFPB request for $94 million in Federal Reserve funds was made on a single sheet of paper. Its 2012 budget estimated $130 million for — this is the full explanation — “other services.” So it has been hiring promiscuously and paying its hires lavishly: As of three months ago, approximately 60 percent of its then 958 employees were making more than $100,000 a year. Five percent were making $200,000 or more. (A Cabinet secretary makes $199,700.)

(Excerpt) Read more at washingtonpost.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: banks; benghazi; cfpb; dodd; finance; frank; petraeus
Lots of info in the article.

One thing that caught my eye is that 60% of the employees at the CFPB are making over $100,000 a year. 5% are making more than Cabinet secretaries.

One of those in the 60% is Holly Petraeus who makes around $200,000.

1 posted on 11/17/2012 10:39:55 AM PST by what's up
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To: what's up

Hey George Will, you might want to read this:

http://sherriequestioningall.blogspot.com/2012/10/43-trillion-dollar-suit-against-us-govt.html

(Class Action lawsuit against all the raping and pillaging of America.)


2 posted on 11/17/2012 10:48:22 AM PST by Mortrey (Impeach President Soros)
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To: what's up

Yes, Holly Patreaus works there making $189,000.00 PLUS Benefits!!! WHAT does Holly know about this Dept?? What did Holly do BEFORE she worked for this dept???


3 posted on 11/17/2012 10:55:48 AM PST by Ann Archy (ABORTION....the HUMAN sacrifice to the god of CONVENIENCE.)
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To: what's up
The CFPB’s director, Richard Cordray, was installed by one of Barack Obama’s spurious recess appointmentswhen the Senate was not in recess. Vitiating the Senate’s power to advise and consent to presidential appointments is congruent with the CFPB’s general lawlessness.

George Will had better watch his back. He criticized the sneaky ways of The Won. He's probably on some sort of hit list already.


Lots of info in the article.

One thing that caught my eye is that 60% of the employees at the CFPB are making over $100,000 a year. 5% are making more than Cabinet secretaries.

One of those in the 60% is Holly Petraeus who makes around $200,000.

Very interesting indeed. There's a whole lot of Mafia-style nefariousness in this regime.

4 posted on 11/17/2012 10:55:58 AM PST by arasina (Communism is EVIL. So there.)
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To: Ann Archy
Holly is far lefty. Likely a fairly rabid feminist since she supported Elizabeth Warren for MA Senate (Warren is one of the forces behind the CFPB). This may help explain Petraeus' affair.

It may also have something to do with what was going on in the Tampa Bay mess. For example why did Sen. John Kerry support Jill Kelley and her sister (Holly's friends) and why did these women receive a loan from a DNC Finance Chair.

I know...it's convoluted. But something along these lines is in the mix in the Tampa Bay scandal.

5 posted on 11/17/2012 11:05:11 AM PST by what's up
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To: what's up
Answerable to No One

Why should they be? After all they do know what is best for us.

Must I? /s

6 posted on 11/17/2012 11:05:49 AM PST by Drill Thrawl (We have crossed the line from independence & liberty to dependency & servitude. We are doomed)
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To: what's up

One of those appointees is making 178,000 dollars a year is general Petraeus’s is wife . Just appointed last week by President Obummer.


7 posted on 11/17/2012 11:10:20 AM PST by ncfool (Obama's aMeriKa 2012 can we make it until 2016?)
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To: what's up

The IPAB which will set prices for hospitals and doctors is quite similar.
Under the PPACA, future Congresses will not be allowed to repeal this aspect of Obamacare.


8 posted on 11/17/2012 11:13:21 AM PST by Jim Noble (Diseases desperate grown are by desperate appliance relieved or not at all.)
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To: ncfool

“Just appointed last week by President Obummer.’

You are incorrect, she make more than $178K and was hired in January or February of this year.


9 posted on 11/17/2012 11:29:24 AM PST by Bshaw (A nefarious deceit is upon us all!)
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To: ncfool; All
One of those appointees is making 178,000 dollars a year is general Petraeus’s is wife . Just appointed last week by President Obummer.

You're gravely mistaken. From the White House website, Jan. 4, 2012: Holly Petraeus Joins Consumer Financial Protection Bureau

10 posted on 11/17/2012 11:32:08 AM PST by newzjunkey (Still waiting for Akin defenders to come clean and apologize...)
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To: what's up

bookmark


11 posted on 11/17/2012 2:13:21 PM PST by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: what's up

Sadly Holly is the POSTER child of far left women....UGLY and cheated on by their husbands!


12 posted on 11/17/2012 3:39:39 PM PST by Ann Archy (ABORTION....the HUMAN sacrifice to the god of CONVENIENCE.)
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