Too big to fail
The big short
The automotive bailout
Enron
You know what happened
Wall Street created huge problems. America bailed them out. The rich got richer. Very few paid a price.
And the little guy got screwed
Until Obama created the CFPB
Now Trump wants to let them do it
All
Over
Again
The big short
The automotive bailout
Enron
You know what happened
Wall Street created huge problems. America bailed them out. The rich got richer. Very few paid a price.
And the little guy got screwed
Until Obama created the CFPB
Now Trump wants to let them do it
All
Over
Again
Comments
https://www.forbes.com/sites/jackkelly/2020/02/24/wells-fargo-forced-to-pay-3-billion-for-the-banks-fake-account-scandal/
-Miscalculated Mortgage
-Misapplied payments/fees/interest
-Wrongful foreclosure
-Illegal repossession
Keep in mind that members of Congress passed the law, creating the CFPB to protect people. Now members of Congress are called to protect the CFPB. It is not a matter of the ability of Congress to act, but a matter of the will to act on behalf of all the people.
The financial sector is supposed to be self regulating. It's like telling a hungry 10 year old to guard a cookie. Doesn't work.
If there are no public protections from vicious profiteers....
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https://www-theatlantic-com.translate.goog/ideas/archive/2025/01/hitler-germany-constitution-authoritarianism/681233/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp&_x_tr_hist=true
Good ole’ Aspen. Billionaire heaven and all run non profits.
If every resister on BlueSky enlightened just one person, we could move this needle. 👇🏼
Service members, students, everyday folks,
The CFPB shields them from financial hoaxes.
$21 billion back to you and me.
No wonder Musk wants it RIP.
every 4 years?
Normally I wouldn’t say anything.
But problem is the Enron fiasco (and Worldcom, Global Crossing etc) was the catalyst for a different agency that oversees public company audits, PCAOB. Of course Elmo is ALSO trying to get rid of that.
The Christian Financial Punishment Board
FIGHT to keep CFPB!!!
Life’s lessons not learned
Trump has no understanding of history because he doesn’t read
Well, they were the safest places. Guess that’s part of the destruction agenda as well.