Trump Appointee Ushers In Kleptocrat Golden Age
February 23, 2018
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7:55Now PlayingTrump Appointee Ushers In Kleptocrat Golden Age
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as posted by the channelMick Mulvaney is actively defanging the department that is supposed to be looking out for you. Cenk Uygur and John Iadarola, the hosts of The Young Turks, break it down. Tell us what you think in the comment section below.
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“The Consumer Financial Protection Bureau was created after the financial crisis to protect Americans from being ripped off by financial firms.
Now, President Trump's interim appointee to run the bureau, Mick Mulvaney, is making radical changes to deter the agency from aggressively pursuing its mission.
The CFPB on Monday unveiled a new strategic plan to that end. In a message accompanying the plan for the years 2018 through 2022, Mulvaney wrote, "we have committed to fulfill the Bureau's statutory responsibilities, but go no further." The plan says the bureau should be "acting with humility and moderation."
This new direction is consistent with Mulvaney's other memos and statements and formalizes his plans for defanging the watchdog bureau and reshaping its mission, according to insiders and experts that NPR has talked to.
The CFPB is considered a powerful and independent watchdog. But many Republicans have wanted to shut it down since Day 1 because they think it's too powerful. Mulvaney is one of them. As a congressman, Mulvaney called the agency a "sick sad joke." He drafted legislation to abolish it. So people at the bureau were shocked when the president appointed him to run this consumer protection agency.”
Hosts: Cenk Uygur, John Iadarola
Cast: Cenk Uygur, John Iadarola
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