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Trump orders the CFPB to pause all activity including customer complaints

Discussion in 'BBS Hangout: Debate & Discussion' started by astros123, Feb 8, 2025.

  1. astros123

    astros123 Member

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    Nowhere in the statue does it say the fed needs to generate a profit. Nowhere. Revenue is not the same thing as profit. The CFPB is capped at 12% of the feds operating expense. There is no language anywhere that states the cfpb has to be funded off any profit.

    I dont understand your argument sincerely. Your argument is bcz the fed is losing money that it can't fund the CFPB but it's generating Revenue ?
     
  2. Nook

    Nook Member

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    The last time the USA had it REALLY hard was Reconstruction.

    No this isn’t really Red versus Blue. It captures part of it but not all of it.

    Trump has no desire to give up the power he has.

    Of course the Democrats are going to litigate the **** out of what is happening right now and the people Trump hires in the government are going to be fired.

    If the Democrats win, it will be a backlash to Trump and it will mean the economy is bad and people will want some degree of vengeance.

    That is a big reason of why Trump purging the non partisan government employees is going to create a long term problem as precedence will be set.
     
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  3. Invisible Fan

    Invisible Fan Member

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    I think it was around covid or a little before the first term when I saw some chick give a Ted Talk (remember when that was a thing?) about how we're no longer a democracy and more an oligarchy under several key benchmarks. It didn't seem like people cared that much with that realization as long as they got ahead in whatever path they chose.

    Americans in swing states chose Trump with that inherent reasoning, and I'd say most of them believe they're betting on themselves over "Big Government" because they view it as getting in the way of their well being in the guise of Equity and Regulation.

    There is ofc those who are only looking for the handout stimulus packages and tax breaks. The poor Andrew Tate lovin nationalists who want Trump to tip the scales back in their favor in light of the bargaining and wage power they lost to college educated women or worse...immigrants who work twice as hard with half the pay.

    I think this will largely be the state we live in given how sly the Biden Admin pulled off recovery by backloading debt payments and defraying American pain and job loss by uncapping the fire hydrant, letting everyone dance in the rain, and giving the appearance of wealth with the everything bubble mid-late 2021.

    None of this can be easily fixed and I suspect only the griftiest and most protected would even bother trying for the spot.

    It's like a boiler room or ponzi where everything looks productive on the surface but come a few speed bumps and potholes, watch the **** out.
     
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  4. astros123

    astros123 Member

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    Reconstruction? Did you forget about the great depression in the early 30s? We had double digit negative gdp growth and unemployment was 25%. One out of four Americans were unemployment. The stock market wiped away almost half of Americans wealth.

    I recommend you to do some reading about the great depression. People were stabbing each other over a loaf of bread in NY. It was bad bad
     
    #104 astros123, Feb 11, 2025
    Last edited: Feb 11, 2025
  5. Buck Turgidson

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    Remember the South Park skit, where Chef is ordered up to the front lines for "Operation: Get Behind the Darkies"

    Replace "Darkies" with "Trump Supporters"
     
  6. ThatBoyNick

    ThatBoyNick Member

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    Every time I see "Trump orders" as the headline preview I always expect the thread title to finish with "3 happy meals or.a double big mac with extra fries" or something
     
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  7. Buck Turgidson

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    This is his legal scholar, Josh Blackman:

    [​IMG]
     
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  8. Buck Turgidson

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    "I support anything that pisses off the people I don't like"
     
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  9. ThatBoyNick

    ThatBoyNick Member

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    Oh my god thats no blackman, that's criag ackerman
     
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  10. Buck Turgidson

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    Well this is certainly bullsh!t
     
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  11. Buck Turgidson

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    Also bullsh!t
     
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  12. Os Trigonum

    Os Trigonum Member
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    all I’m seeing here are ad hominems . . . ad hominems everywhere
     
  13. Mathloom

    Mathloom Shameless Optimist

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    It's so funny they are treating the CFPB as if it protects Americans. It's just rubber-stamping criminals. Those criminals don't want to pay for rubber stamps anymore so they'll get rid of it. That's all that's happening.

    You guys are so f*cked. There's nothing wrong with slimming down the government, but you don't actually have a plan and what's going to happen is the Elon Musks of the world are going to just dominate you further in the free market.

    Just a couple of thirsty billionaires telling you that YOU don't need protection, even though they don't do anything in the world without protection.

    If you need police in general, then you need financial police. It's really that simple. Anyone who told you otherwise is just trying to rob you. Don't be that stupid.
     
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  14. astros123

    astros123 Member

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    Were dismantling the one agency thats here to protect us from greedy financial institutions and the MAGA cult doesn't get it. The effects of dismantling the cfpb will be felt for a lifetime.

    The cfpb returned 21 billion dollars even after the banks knew they were getting policied. Imagine how high that 21 billion number would be if the banks knew they could **** Americans.

    We are ****ed
     
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  15. Mathloom

    Mathloom Shameless Optimist

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    Nah you'll be ok, they were barely protecting. I've worked in a sister entity and I've even dealt with them on a couple of occasions. They're no different than the UK FSA or any European regulator, they don't actually care about protecting you, they care about keeping the businesses domiciled in their country. These are the kind of agencies that can watch a money launderer steal billions and fine/sanction them a fraction of that amount - what do you think is going on there with the HSBC's of the world?

    What's going to F you is that you would all lose in a free market against people with billions of dollars in a head start. So now you have to decide if you really love freedom more than your money lol. It's turning into squid games in the US.
     
  16. astros123

    astros123 Member

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    The CFPB under BIden was the most aggressive CFPB in modern history. They were not "rubber stamping" anything. They helped me recoup tens of thousands of dollars personally under my old business. Rohit chopra the head of the cfpb was as aggressive as anyone else in history. The CFPB helped recoup close to a billion dollars in frozen crypto funds alone. You may have been right about the cfpb under Trump/Obama but that was definitely not the case under Chopra.

    -Eliminated overdraft fees which helped millions of Americans
    -Capped credit card late fees
    - Eliminated medical debt on credit reports helping tens of millions of Americans
    -They took on the payday lenders and helped recoup record amounts of money
    - They eliminated bank service fees for low to middle income folks

    I can go on and on but the CFPB for the past 4 years was easily the most pro consumer CFPB. I dont think people realize just how important the CFPB is.
     
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  17. Nook

    Nook Member

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    Compared to other parts of the world? Compared to the type of events that happened in Germany in the late 1920’s?
     
  18. fchowd0311

    fchowd0311 Member

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    I think no one is wrong here because "struggling" is a very relative term that is based on perspective.
     
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  19. Nook

    Nook Member

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    Compared to what was happening in Germany post WWI -,The Great Depression in the USA was nothing.
     
  20. Nook

    Nook Member

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    Agreed
     
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