Does anyone else love the irony of how suburban Republicans - the core of the Republican Party - support?

[winwood]

candidates who want to undo the creation of the Consumer Financial Protection Agency: an agency whose primary reason fro being is to make sure that Wall Street swindlers don't sell bad derivatives products to the investment account managers who handle the retirement assets of those affluent suburbanite Republicans?

Basically, if you're a person who has a retirement plan and you support a Republican who is against the CFPA, what you're saying is "I don't like the idea of the government requiring the people who handle my money to have to function with some degree of transparency. I prefer to give my money away to people I don't know, and who are not at all accountable to me while they operate in an environment that I pretend and claim to understand but in reality I have no knowledge of whatsoever."

[denys]

Conservatives have always been stubborn, throughout our entire history. Fortunately, however, their viewpoints on the major issues have always been left behind on the trash heap of history where they belong.

Many people don't think things through when they take positions that are counter to their own interests.

The opposition to the CFPA is a blatant attempt to keep things the way they have been, which is entirely unacceptable. The corporations have an army of lobbyists who have been fighting the creation of the CFPA and continue to lobby against it.

It is understandable that corporations want to protect their own interests. We as consumers should be fighting for and lobbying to protect our own interests.

[iden]

Ah, I see you haven't actually read about how badly structured the CFPA is. You haven't read about how it will have little to no oversight. You haven't realized that the regulations that will flow from this organization will almost certainly be less about transparency and prevention of fraud and more about extorting political donations from bankers and investment firms.

Your naivete about how govt actually works is refreshing. It's cute. *pats you on the head and gives you a lollipop* No run outside to play.

[kendon19]

Ah, I see you haven't actually read about how badly structured the CFPA is. You haven't read about how it will have little to no oversight. You haven't realized that the regulations that will flow from this organization will almost certainly be less about transparency and prevention of fraud and more about extorting political donations from bankers and investment firms.

Your naivete about how govt actually works is refreshing. It's cute. *pats you on the head and gives you a lollipop* No run outside to play.

Help me out...Wall Street was regulated long before those swindlers came in so how is putting on more regulations and agencies going to matter if the current ones aren't being maintained?

[marmion]

Q) Are you John Stewart?

;-)

They would have to be NUTS to have a problem with Regulation of the Market. Look where DE-regulation got your economy!

[unss94]

Of course all good thinking people and those who love liberty want the recently-created Consumer Financial Protection Agency dismantled.

That's because the new agency was appended to the Federal Reserve System (not part of our government, but part of a private corporation owned by member banks). It is the Fed that is part of the systemic problem. So, the problem child (the Fed) is to protect Americans against itself with its new agency?

The Consumer Financial Protection Agency is also perpetually funded with Fed money and not subject to Congressional control via its budget. Another agency independent of democratic controls - just more great news for cronies.

So it is a "two-fer" on the anti-liberty scale. I know, I know: The Progressives always believe some new "independent of politics" agency, staffed with self-described elites, will bring the greater society into the "future" through their magnificent adjusts and regulations. Their thought is that non-democratic control is just... well, needed for the children's own good.

That is just the standard Progressives bunk.

[leland]

Of course all good thinking people and those who love liberty want the recently-created Consumer Financial Protection Agency dismantled.

That's because the new agency was appended to the Federal Reserve System (not part of our government, but part of a private corporation owned by member banks). It is the Fed that is part of the systemic problem. So, the problem child (the Fed) is to protect Americans against itself with its new agency?

The Consumer Financial Protection Agency is also perpetually funded with Fed money and not subject to Congressional control via its budget. Another agency independent of democratic controls - just more great news for cronies.

So it is a "two-fer" on the anti-liberty scale. I know, I know: The Progressives always believe some new "independent of politics" agency, staffed with self-described elites, will bring the greater society into the "future" through their magnificent adjusts and regulations. Their thought is that non-democratic control is just... well, needed for the children's own good.

That is just the standard Progressives bunk.

You're giving voice to your own fears son. If you understood the world around you, you wouldn't be so afraid of it.
The CFPA doesn't work. It adds costs, limits profitability, and decreases value. Wrapping itself in the santimonous shroud of ethical superiority, is shameless.
The vast majority of the people "I don't know" who are "handling my money", work for the Government.
Private businesses are more transparent and accountable to their customers than any government is to its citizens. They have to be, as an economic reality, not as a legal obligation.
The only people you "give your money away to", without a choice, or any expectation of ever getting it back, is the Government.