• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

GOP blocks nomination to head new Consumer Financial Agency

Page 3 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.
Atreus21 said:
No one, not anybody on earth, is better than I am at handling what is in my self-interest. I will protect myself and what I care about far more doggedly and effectively than any bureaucracy.

The same applies to you and everyone else.
Click to expand...

You seem to not understand what the Agency was designed to accomplish.
 
EagleKeeper said:
As long as Congress has members in session, it can not be classified as in recess.

Some of the Republicans in the House and maybe a few also in the Senate may come up with a way to derail the ability of Obama to install a recess appointment just to piss off Obama and have him clear up the issues as promised.

Would not put it past them.
Click to expand...

Let them do it then. More examples of GOP obstructionism of basic consumer protections for Democrats to take to the voters.
 
EagleKeeper said:
As long as Congress has members in session, it can not be classified as in recess.

Some of the Republicans in the House and maybe a few also in the Senate may come up with a way to derail the ability of Obama to install a recess appointment just to piss off Obama and have him clear up the issues as promised.

Would not put it past them.
Click to expand...

Tea Party Patriots did it last session to thwart obama's abuse and will do so again.
 
Atreus21 said:
Far more harm has been done by do-gooder regulatory agencies just like this than ever by the consequences of someone's voluntary economic choice.

I object to the entire notion that I and others like me are not competent enough to handle myself against the evil banks. What banks do with the money I've voluntarily given to them is their business. If I don't like what they're doing, I'll give to a bank with whom I'm better aligned. That's a far more effective mechanism for protecting consumers, at a much cheaper cost to society, and it hits the banks where it hurts them most: their wallet.

If this agency is going to give me advice, fine. If they're going to do things like making ATM fees illegal, they're stretching too far. If I don't like the fee, I won't use the ATM.
Click to expand...

Right, more harm is done by regulation than anything else. It's all about self-responsibility. Individuals require no protection from multi-trillion dollar mega-corporations. We are man; hear us roar. We could have avoided that entire financial collapse just by individuals being on the lookout for themselves. Gee, why didn't we think of that?
 
Atreus21 said:
When you have to ask questions like, "Who or what will protect the consumers?" I can glean pretty easily what it's designed to accomplish.
Click to expand...

So what does that mean to you? Then I can compare that to the facts of what the Agency is suppose to do.
 
woolfe9999 said:
Right, more harm is done by regulation than anything else. It's all about self-responsibility. Individuals require no protection from multi-trillion dollar mega-corporations. We are man; hear us roar. We could have avoided that entire financial collapse just by individuals being on the lookout for themselves. Gee, why didn't we think of that?
Click to expand...

Individuals, again, are better at financially protecting themselves than the government is.

What multi-trillion dollar megacorporation holds a single candle to the overarching power of the state to compel us, by force, and by using our own tax money, to do as it deems appropriate?
 
Last edited:
Atreus21 said:
Individuals, again, are better at financially protecting themselves than the government is.
Click to expand...

Clearly demonstrated by individuals taking out subprime ARMs with baloon payments they couldn't later afford. But don't let reality interfere with your rightwing dogma.
 
senseamp said:
Clearly demonstrated by individuals taking out subprime ARMs with baloon payments they couldn't later afford. But don't let reality interfere with your rightwing dogma.
Click to expand...

Translation: People make stupid decisions, therefore we can't allow them the freedom to make their own decisions. We know better than they.
 
Atreus21 said:
Translation: People make stupid decisions, therefore we can't allow them the freedom to make their own decisions. We know better than they.
Click to expand...

Should we let people drive on the left side of the road? Surely they should have this freedom, they know better.
 
xBiffx said:
By all means we should let the President have more unconstitutional authority that he already has acquired. Republicans specifically stated that they had no issue with the man being appointed. They have issue with the new Agency that has an enormous amount of unchecked power. An agency that, as currently written, would report to the FTC and not to Congress itself and have zero oversight.
Click to expand...

So the right are against regulating agencies, unless they get to decide who and what is regulated and how?
 
Atreus21 said:
Translation: People make stupid decisions, therefore we can't allow them the freedom to make their own decisions. We know better than they.
Click to expand...

Let me rephrase your rephrasing...

The government should not be regulating the financial markets and leave the entire state of the economy in our hands because we are bankers and have studied and educated ourselves on the many ways to keep it churning in an altruistic manner that will keep it on a strong and steady course. Trust us!
 
Ausm said:
What are the issues distressing the Republicans? I read several different versions of this which makes me believe there is no real problem besides playing Politics.
Click to expand...
Issues were listed in the article along with the administrations anticipated response
 
RightIsWrong said:
Let me rephrase your rephrasing...

The government should not be regulating the financial markets and leave the entire state of the economy in our hands because we are bankers and have studied and educated ourselves on the many ways to keep it churning in an altruistic manner that will keep it on a strong and steady course. Trust us!
Click to expand...

I can control the effect that bad banks have over me. I cannot control the effect that bad government has over me.
 
RightIsWrong said:
So the right are against regulating agencies, unless they get to decide who and what is regulated and how?
Click to expand...

Sure, and how is the left any different because the are for regulating the shit out of everything and decide everything for everyone.
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top