Judge Orders Government To DESTROY Consumer Protection Agency

A federal judge ruled last week that the ENTIRE Consumer Financial Protection Bureau is un-Constitutional and has to be dismantled. Ring of Fire's Mike Papantonio and Farron Cousins discuss this.

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A federal judge ruled last week that the entire Consumer Financial Protection bureau is unconstitutional and according to her, it had to be dismantled. Wow.

look, we all followed the story of the, of the Trump judges that were being quizzed by the committee, the that appoints judicial ... makes judicial appointments, right? They have them in front of the Congressional hearing, in front of the committee and they're asking him, "Sir, let me get this ... Have you ever been in a courtroom?" And the judge says, "No, I've never really been in a courtroom."

"Have you ever tried anything that looks like a jury trial, a judge trial?" "No, I've never done that." "Sir, do you know what a motion in limine is?" These are actual questions and the cat did not know what a basic motion in limine is, that's where ... anyway, it's something he should have known.

And they asked, "Do you know what Daubert is? Do you understand what the Daubert Standard is?" "No, I don't know what it is, but I guess I can find out."

Now, that was the Trump administration. So now we go to a 2018 and we have judge Loretta Presca, a old Bush, old man Bush appointment. Now had we had hearings like that back then, we would have seen the same thing happening.

Now, see what people don't understand and it's kind of this catch 22 thing. You got to report on what Trump is doing because some of it is so outrageous. So they determined, we're going to go the hearings. We're going to have a media element of these hearings. What they forgot to tell is that happens often where you have a federal judge that's never tried a lawsuit.

If they've done anything ,they've worked for corporate America. Hardly ever will you find a federal judge that actually represented consumers, that actually cared about the rights of consumers. Had we gone back in time and from old man Bush followed these hearings the same way we had with Trump, we would've seen the same thing.

Absolutely.

And that's what this Loretta Oppress-ca is all about. You see, she's not just an ideologue, she doesn't understand that she can't [inaudible 00:02:21] say, "Well, we need to do away with it because Congress overreached." It doesn't work like that, Loretta. Pick it up from there. It's an unbelievable story.

It is, and it's such an interesting decision because there had already been several other court decisions about the CFPB saying, "No, it's fine. It's constitutional. Everything's working fine," you know, don't mess with it.

So she comes along and she misconstrues or manages to do that, because that was her intent.

Well, she's old first of all.

Right. Well yeah, that is true. And so she tries to say that all of these other opinions saying it is constitutional, prove that it's not constitutional in a very short, less than two page ruling that according to analysts, made no sense whatsoever.

Look this-

And she tries to argue that because the Congress created it, but the president appoints the head of it and it's five year ... something doesn't add up, so kill the entire agency that's supposed to protect consumers.

Now let's back up just a little bit. She did a two page order on something as important as do we determine whether or not there's an unconstitutional notion to the CFPB. You know, okay. Congress passes it, president signs it. It's been in place for a long time and she does a two page order and says, "Well, I don't like it. There's something that doesn't add up."

Yeah, Loretta, it doesn't add up because you don't understand the law. Loretta, you don't understand that you don't just make this go away because you don't like it. That's not how federal judgeships work.

But the real story to me is I would love to have gone back in time and seeing Loretta Presca in front of the camera the same way they've put these federal nincompoops in front of the camera for Trump and we would see the same thing.

People don't understand that. They don't understand that a lot of these federal judges that come through, it's political favors.