President Obama plays the game like a Republican - GOP howls in protest
 

President Obama tells Mitch McConnell GFY, and does a typical and common Republican move of naming a recess appointment (for comparison, Bush W. named 171 recess appointments, of which 99 were Czars named as heads of agencies) Good for you, Mr. President! :tro:

It should be noted that the Republicans think Corday is outstandingly qualified and well-respected.

It's just that the GOP, acting on the advice of their banker and Wall Street owners, don't want a Consumer Protection Agency to exist. Even though the agency was passed, by them, into law last year, and has been and is functioning now, the GOP has been blocking the chief appointment (first was supposed to be Elizabeth Warren) to keep it from 100% functioning.

This is great news for citzens vs Wall Street/corporate ownership of our government!

Not the Change I was Hoping for when I voted for him. Politics as usual.

that article made Obama out to be a hypocrite, not a hero.

All Hail Caesar!

It also makes Riot a hypocrite but that's par for the course.

When one party literally says it's only goal is to make sure the President is a one-term President, and blocks routine Senate business at historically-never-before-seen levels, it's about time the President uses the same rules tactics as the several presidents before him to achieve the implementation of a law that was duly passed by that same obstructive Senate.

The law the GOP helped pass requires a head of this agency be appointed. If the GOP didn't like the law, they shouldn't have voted it into being in the first place.

But they did.

Cordray was nominated months ago, and had a majority of support in the Senate via vote - the normal path to nominee approval. It's the GOP using "politics as usual" to halt the complete implementation of a law they already passed, for a chief whom already has received a majority affirmation in the Senate.

With the appointment of a Consumer Financial Protection Bureau Chief, perhaps the headline seen this week, "Massive consumer mortgage fraud by GMAC and Wells Fargo", where they ripped off average people on their mortgages by an extra $1000-$2800 in fees - won't be seen again.

However, you can see why the bank-owned Republican Party has been blocking this appointment. Their Bank masters told them too. Can't threaten to cut the gravy train of consumer fraud.

So have to keep the citizens stirred up and distracted, so that they think passing consumer protection for themselves is a bad thing. Pay those extra false charges buried in the paperwork, citizens! Somebody has all the money - and it's not 80% of the American people.

President Barack Obama had made 28 recess appointments, all to full-time positions.
President George W. Bush made 171 recess appointments, 99 were to full-time positions.
President William J. Clinton made 139 recess appointments, 95 to full-time positions.
President George H.W. Bush made 77 recess appointments.
President Ronald Reagan made 243 recess appointments.

President Obama plays the game like a Republican - GOP howls in protest
 

Obama discovered that the best way to stand up to a bully is to punch him back. Glad he stood up to them, even though there will probably be immediate court challenges to anything the CFPB tries to do.

Ocala Mike

You would be glad, imbecile. Go to the nearest community college and take a novice level American History class.

Can you explain to me how this massive consumer fraud works? and how a foreclosed consumer is affected by these fees?

President Obama plays the game like a Republican - GOP howls in protest
 

Sure.

Why it's such good news that the @CFPB finally has a director, and what it means to you: http://OFA.BO/78hWGz


Ocala Mike

ROR !! I'm from the Government and I'm here to help :tro::zz:

Go read the thread, here:
http://www.derbytrail.com/forums/showthread.php?t=45056

What I want to know is how a foreclosed customer (who doesn't pay or they wouldn't be in foreclosure) is paying these so called fees? A bankrupt customer is either restructuring their loan terms (ch 13) and thus the bank is losing thousands of dollars or they are reaffirming on the debt (ch7). In the bankruptcy cases I guess I could see where the consumer could possibly be charged extra fees, but not in a foreclosure.

We the government will protect you from the evil banks (which Prez Clinton, Barney Frank and others were forcing the banks into creating many of subprime/home ownership programs that caused many of the issues). We the government told the banks to do this now that it didn't work we will protect the customer from these evil people. We will even create more government to make sure the consumer is protected (reality is the customer gets charged more because it costs more to do the same type of lending now). However this is good for the consumer because they can not think or be responsible for themself. We the government need to be able to do this for them so they are not responsible for the actions.

Go to the aforementioned thread.
Click on the link to the original source.
Read the words in the original link that comes after, "Here’s how the double-dipping scam can be pulled off."

http://www.youtube.com/watch?v=4AQ_rMRV5z8

:)

What that says is the banks are charging them double for their escrow account, once as part of their payment and once as a shortgage. Since the escrow account is in all reality the customers own $ how is the bank making out on this? If the home is sold or the loan is paid in full the customer gets their escrow money back. When the taxes are due the bank pays the taxes with the $. Same with the Home owners insurance. If a ch 13 bankrupt customer falls behind on their payments wouldn't their escrow account also fall behind thus creating a shortage in the escrow? What am I missing?

The consumers are declaring Chapter 13 bankruptcy. The bank has charged them double for escrow fees, thus the bank is demanding double the amount they are due (in escrow fees) in the bankruptcy proceeding. The banks are (allegedly) making a false claim of monies due, in excess of the truth, above what the homeowner really owes the bank. The bank says, "Homeowner owes us 5 months back payments, plus the new escrow fee" - except the escrow fees are already included in the "5 months back payments" and the "new escrow fee" is fraud.

Again you are missing the point. There are no "fees" to escrow. These so called fees are $ used to pay taxes and insurance. If the customer renegotiates or recalculates their payments (ie. Ch13) then of course their escrow account is going to be messed up. This is the customers $ and used like a forced savings account to pay taxes and insurance. Instead of posting articles actually stop and think about it

BTW- Banks tend to lean more democratic than republican. Do you see what bank stocks are doing today after the appointment? Possible huge government mortgage refinance program coming to a theater near you?

Again you are missing the point. This is not addressing what happens AFTER the Chapter 13. This is not addressing any monies in the escrow accounts, or owed to the escrow accounts in unpaid monthly fees contained in the monthly mortgage payment. It is an extra fee the bank is dumping on the client's account RIGHT BEFORE the Chapter 13, before the homeowner gets in court, in addition to the funds already in or owed to escrow in the monthly payment.

I suppose you could always call the Federal Bank Trustees investigating this to explain how they are wrong. And call the reporter and tell her that she shouldn't have written the article. And the bankruptcy court attorneys who have reported it to the Feds for investigation.

President Obama plays the game like a Republican - GOP howls in protest
 

With apologies to Woody Guthrie, some men rob you with a gun, while others rob you with a fountain pen.


Ocala Mike

Woody Guthrie, "Pretty Boy Floyd"
http://www.youtube.com/watch?v=G4YKUJZI5Bg

Pretty Boy Floyd
Words and Music by Woody Guthrie

If you'll gather 'round me, children,
A story I will tell
'Bout Pretty Boy Floyd, an outlaw,
Oklahoma knew him well.

It was in the town of Shawnee,
A Saturday afternoon,
His wife beside him in his wagon
As into town they rode.

There a deputy sheriff approached him
In a manner rather rude,
Vulgar words of anger,
An' his wife she overheard.

Pretty Boy grabbed a log chain,
And the deputy grabbed his gun;
In the fight that followed
He laid that deputy down.

Then he took to the trees and timber
To live a life of shame;
Every crime in Oklahoma
Was added to his name.

But a many a starving farmer
The same old story told
How the outlaw paid their mortgage
And saved their little homes.

Others tell you 'bout a stranger
That come to beg a meal,
Underneath his napkin
Left a thousand dollar bill.

It was in Oklahoma City,
It was on a Christmas Day,
There was a whole car load of groceries
Come with a note to say:

Well, you say that I'm an outlaw,
You say that I'm a thief.
Here's a Christmas dinner
For the families on relief.

Yes, as through this world I've wandered
I've seen lots of funny men;
Some will rob you with a six-gun,
And some with a fountain pen.

And as through your life you travel,
Yes, as through your life you roam,
You won't never see an outlaw
Drive a family from their home.

this is just terrible.

it started poorly and got worse little by little.

then someone opened the gates of hell. there's no other description.

let this be the last post. please. think of the children.

ROR you are right we should end with some good news :p

http://latimesblogs.latimes.com/goss...+International

Did you catch Stewart last nite...Hilarious...watch the bit with John Oliver giving Stewart lessons on the Constitution....


Commission: Impossible - Consumer Financial Protection Bureau Chief Appointment

http://www.thedailyshow.com/watch/th...xrs=share_copy