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

[jms62]

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

[Riot]

Originally Posted by jms62

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

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.

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.

[Riot]

Originally Posted by Coach Pants

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

[wiphan]

Originally Posted by Riot

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.

B]

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

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

[geeker2]

Originally Posted by Ocala Mike

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

[bigrun]

Originally Posted by geeker2

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

[Handsome Boy]

Originally Posted by bigrun

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

[wiphan]

Originally Posted by Ocala Mike

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

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.

[Riot]

Originally Posted by wiphan

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

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

[wiphan]

Originally Posted by Riot

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.

[Riot]

Originally Posted by wiphan

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?

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."

[wiphan]

Originally Posted by Riot

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."

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?