Chopra Fired

[George Hatch]

In counterpoint if those other agencies had been actively enforcing the law as written then there wouldn't have been any demand for a new agency to perform that work.

On the one hand it is impossible to enforce a law or regulation that doesn't exist. So that is the justification for establishing laws and regulations. But merely establishing them isn't enough to result in mass compliance. It takes enforcement to coerce compliance.

It isn't just the bankers who have been cut loose to run wyld. Our immigration situation is another example of that. The laws have existed all along. What has varied has been the govt's willingness to at least make an effort to enforce the laws as written. The previous administration swore to us that they couldn't do it whereas the current administration is demonstrating otherwise

 

[Vermonter]

Z?

Speaking of....anyone know deets on the disappearance?

 

[glenn walker]

He probably wasn't that great then.

You know he had one AF fan aka Forrest Gump who is in mourning in Memphis Tennessee. Lmao

 

[Bobby Bucks]

Speaking of....anyone know deets on the disappearance?

My guess is he got 30 days in the cooler.

 

[Mejappz]

Interesting I did not know about this.

 

[George Hatch]

At least she's talking to the lenders. That's good. We've only been advocating that point for the last 15 years.

 

[Elliott]

WSJ 2/2/2025 Editorial Board Opinion:


"President Trump did one good economic deed late last week by firing Rohit Chopra as director of the Consumer Financial Protection Bureau. Now maybe he can shut the place down.

Mr. Chopra is a protege of Sen. Elizabeth Warren but had been trying to insinuate himself with the new Administration to stay until his term expires in 2026. But Mr. Trump has legal authority to fire him following the Supreme Court’s Seila Law ruling in 2020. President Biden relieved Mr. Trump’s first-term appointee to run the bureau.

“With so much power concentrated in the hands of a few, agencies like the CFPB have never been more critical,” Mr. Chopra wrote Saturday. “I’m proud that the CFPB has done so much to restore the rule of law.”

This will be news to the businesses that have sued the CFPB and won in court. Mr. Chopra was issuing new regulations willy-nilly in the days before Mr. Trump took power, and some wouldn’t survive legal scrutiny. "