Obama’s CFPA: The Next Great Leap Backwards for Consumer “Rights”

pushing governance that power create a infant agency, The Consumer Financial Protection Agency, whose state would be to simplify and organisation every activity of playing transactions, from what sorts of mortgages could be offered to what difference of distribute mettlesome would be in your notecase to whether Wall Street could create infant scheme of acquire [...]


pushing governing that module create a newborn agency, The Consumer Financial Protection Agency, whose employ would be to simplify and personnel every behavior of business transactions, from what sorts of mortgages could be offered to what variety of assign game would be in your notecase to whether Wall Street could create newborn structure of purchase and commerce stocks. In the study of making your chronicle easier and avoiding the incoming business meltdown, the CFPA strength meet harshly bounds how you pay your hard-earned ( …

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25 Comments

  1. trepidity23 added these pithy words on January 23, 2010 | Permalink

    Here is the secret with credit cards. Don’t use them to extend your budget outside your means. You can use them to help your credit score and not have to have cash or a load of debit transactions to keep track of daily. Keep track of your spending of course though. Don’t focus on your set limit by the credit card company, instead set yourself a limit built into your monthly budget, pay every bill off 100% each month, if you cannot, your overspending. If can’t stop yourself, get rid of the cards.

  2. trepidity23 added these pithy words on January 23, 2010 | Permalink

    READ BEFORE YOU SIGN ANYTHING.
    If you don’t understand the agreement. Don’t sign it until you do and from your understanding of the agreement are willing to agree. If you sign an agreement you don’t understand it’s not the other party’s fault you don’t understand it. It’s your fault for agreeing to it. Take some personal responsiblity. Essentially Obama by things like this is saying, “Ok look, the people are stupid and uneducated. Therefore they are not responsible for their own actions.” FAIL

  3. Silvsilvchan added these pithy words on January 23, 2010 | Permalink

    You carry four credit cards in your wallet.

    I carry zero.

    But that’s your choice. Personally, I dislike going into debt of any sort, and every time you charge something you are going into a form of debt. *shrugs*

  4. wimscheers added these pithy words on January 23, 2010 | Permalink

    I love the tone used while saying ‘The Repbulican program is Actually worth looking at’

  5. TenseAlcyoneus added these pithy words on January 23, 2010 | Permalink

    And on the style, Nick Gillespie looks like he could kick Jean Claude van Damm’s ass by ripping off Superman’s arm, clubbing Rambo to death with it, taking his gun and going Matrix on the Nederlander douchebag. I like that.

  6. TenseAlcyoneus added these pithy words on January 23, 2010 | Permalink

    Who give a flying f**k about product complexity. Complex products lead to broker markets. Broker markets have, well brokers, who are expert enough to mitigate contracting hazards. Of course, this makes products more expensive to sell and market.

    But wait! That’s a huge economic incentive to keep products simple. Then the best explanation for overly-complex financial products is some externality….thinking…thinking…got it! Government regulation.

  7. humanman65 added these pithy words on January 23, 2010 | Permalink

    The credit small businesses utilize comes into play often. Like a consumer who puts several purchases, over a weekend, on a card and then does it again a next weekend. Small businesses work to grow and will buy justified by speculation of sales.
    This is not new.
    Something about that reminds me of the 90’s.
    -Frequent purchesness via low cost items is not limited to consumers. Convenience stores and Extension Class Community College Educators partake in the phenomenon.
    Same as the old boss.

  8. HymerSchmidt added these pithy words on January 23, 2010 | Permalink

    I swear Nick has a time machine he’s telling no one about.

  9. SpiralOut11235 added these pithy words on January 23, 2010 | Permalink

    Gotta get that jacket and those sideburns…

  10. sniper6081 added these pithy words on January 23, 2010 | Permalink

    ANOTHER BUREACRACY!!! As if the fourteen we have now weren’t enough!

  11. POLYMORPHLEGION added these pithy words on January 23, 2010 | Permalink

    nice… i saw the cult in the title but couldn’t quite make out the rest…. funny stuff… good eyes too…

  12. ComradeJenny added these pithy words on January 23, 2010 | Permalink

    The book near Nick is: “The Cult of the Presidency: America’s Dangerous Devotion to Executive Power” That’s two synchromystic winks :)

  13. oilhammer04 added these pithy words on January 23, 2010 | Permalink

    The Obamacare will likely run us into $14.4 trillion deficit over the next 10 years according to The Concord Coalition. from Sept. 12, 2009 World Magazine Timothy Lamer

  14. haypenny added these pithy words on January 23, 2010 | Permalink

    Absolutely 98nafets, we already have ‘regulation’ – it’s called the law. White collar crime is like any other, with penalties and natural consequences. The purpose of government regulation is just more social engineering, and government power grabbing.

  15. Signofthedollar added these pithy words on January 24, 2010 | Permalink

    It’s our money, not the governments.

  16. corenothing added these pithy words on January 24, 2010 | Permalink

    I love that remark about credit companies competing every time he opens his wallet – they’re not swindlers who locked you into an unending slavery – you’re Free To Choose

  17. samuils added these pithy words on January 24, 2010 | Permalink

    Heres a thought for Obama administration- get rid of government backed credit issuers , salliemae would be one of them.

  18. POLYMORPHLEGION added these pithy words on January 24, 2010 | Permalink

    love the book over the shoulder “the decline and fall of the roman empire”… . a little synchromystic wink…

  19. matahaari added these pithy words on January 24, 2010 | Permalink

    The Oministration is making great progress towards growing the dependency class.

  20. 98nafets added these pithy words on January 24, 2010 | Permalink

    I’m so sick of liberals saying deregulation is what caused the economic crisis. America has to realize that it was the government setting up perverse incentives that brought the downfall.

  21. godlessmessiah added these pithy words on January 24, 2010 | Permalink

    lol.
    you would be shocked at how many people need to be told exactly that.

  22. Ishinaz added these pithy words on January 24, 2010 | Permalink

    There is only one time I could even concider using a credit card, and that is as a last resort outside of the country to get back home. Buying on credit is irresponsible and stupid. If you cant afford the crap, dont buy it and wait untill you get your salary. If you’re going to buy something more expensive than a TV, aka a car and so on, take a proper loan.

  23. Shadyhunter04 added these pithy words on January 24, 2010 | Permalink

    What? You mean that plastic card thingy wasn’t free money!?

  24. godlessmessiah added these pithy words on January 24, 2010 | Permalink

    Edit spelling : MorOnic.

  25. godlessmessiah added these pithy words on January 24, 2010 | Permalink

    I ve never been a fan of Obama in the slightest, but if people simply werent so morinic and irrational in their ridiculous choices regarding money, the Obama vultures wouldn’t have the chance to remove yet more freedoms.

    I have never understood how people can be so stupid with credit.

    If you dont have money then dont have a credit card, if you cant pay then dont buy, if you cant afford it now- then save up.

    if its too expensive, then search for a cheaper alternative.

    its not rocket science

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