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.

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