ANOTHER Harvard grad into the Administration (Dodd, Obama, how much, high school)
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The Consumer Financial Protection Bureau on Wednesday tapped Sendhil Mullainathan, a leading behavioral economist, to help aid its work in crafting consumer-protection rules.
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The consumer bureau, a creation of the Dodd-Frank financial overhaul law enacted last year, will have broad powers to write and enforce consumer-protection laws. The agency is poised to supervise large banks as well as thousands of smaller financial firms that offer student loans, payday loans and check-cashing services.
We have an over-abundance of these Ivy league types in high positions.
... told lawmakers in 2009 that he supported a two-part approach to financial regulation—one in which safe products would be lightly regulated while other products with the potential to hurt consumers would be more heavily regulated.
So he will call the shots on how much a business has to spend to make its product - therefore affecting to some extent what products are available on the market.
This is totally unnecessary. People, if left alone long enough, can figure this out for themselves without some Ivy league egghead directing things. They obviously do not think people are smart enough to figure it out for ourselves.
The consumer bureau, a creation of the Dodd-Frank financial overhaul law enacted last year, will have broad powers to write and enforce consumer-protection laws.
That's pretty funny right there, if it weren't for Frank the consumers would be doing a hell of a lot better right now and wouldn't need as much protection... I wonder if these laws will protect us from Frank and the other idiots who caused a lot of this mess.
It is the aim of Progressives to shape economic behavior in this country to that which they see acceptable, not that which is driven by personal liberty and choice.
You mean another leftist with NO practical experience in the business world, who has never created a job in his life and who has about as much of a clue as the rest of obama's "uniquely qualified" team (one left, three departed in failure).
That's terrible! We want administration people to be the ones who struggled thru high school. Enough of that book lernin'! We don't need no college grads.
Well, where are we supposed to get our top thinkers? Ole Miss?
No, we want people people who done understand that colleges are only their to produce championship caliber football and basketball teams.
It's better for the nation to have people with no college eduashun.
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