Thursday, March 4, 2010

From Funny or Die

Funny or Die's Presidential Reunion from Will Ferrell

We need a strong independent Consumer Financial Protection Agency (CFPA) with the following:
* A chief appointed by the president, confirmed by the Senate;

* Independent budget authority, so it won't be subject to the whims of Congress or an anti-consumer administration;

* Independent rule-making authority, without interference by bank regulators or others who may focus on bank profitability before focusing on consumers;

* And independent enforcement powers, so the agency's investigators can go after abusive lenders.

No comments: