Amid the controversy surrounding the new replacement as director of the Consumer Financial Protection Bureau, we’re learning of details about the federal bureau that may spell the end of politics for Elizabeth Warren, which is likely why she’s fighting so hard to ensure her person gets in there.
In fact, on Monday, as interim Director Mick Mulvaney gave a press conference to reporters, the woman who claims rights to the position, Leandra English, was meeting with Sen. Chuck Schumer and Sen. Elizabeth Warren to strategize their move forward. What’s interesting about English’s move is that she claims she wants the bureau to be independent of politics, yet is filing a Democrat-backed lawsuit to try to override President Trump’s Constitutional authority to appoint the new director.
“REUTERS: Leandra English has sued the Trump administration to block the appointment of Mick Mulvaney as interim director of CFPB”
REUTERS: Leandra English has sued the Trump administration to block the appointment of Mick Mulvaney as interim director of CFPB pic.twitter.com/cjq3yCFQC5
— Josh Caplan (@joshdcaplan) November 27, 2017
English’s cooperation with Warren and Schumer should send red flags up to anyone paying attention – neither Warren nor Schumer are known for being people full of integrity. Worse yet, the aptly named CFPB is the brainchild of Sen. Warren, and it’s been used as a progressive shakedown tool to extort banks and businesses out of billions of dollars, all done without any oversight whatsoever from Congress.
Sundance of the Conservative Treehouse has more on this interesting development:
The CFPB was essentially created to work as a legal money laundering operation for progressive causes by fining financial institutions for conduct the CFPB finds in violation of their unilateral and arbitrary rules and regulations. The CFPB then use the proceeds from the fines to fund progressive organizations and causes. That’s the underlying reason why the Democrats are fraught with anxiety right now.
Elizabeth Warren set up the bureau to operate above any oversight. Additionally, the bureau was placed under spending authority of the federal reserve. The CFPB gets its operating budget from the Federal Reserve, not from congress. Again, this was set-up to keep congress from defunding the agency as a way to remove it. Everything about the way the CFPB was structured was done to avoid any oversight. Hence, a DC circuit court finding the agency held too much power, and deemed the Directors unchecked position unconstitutional.
Mick Mulvaney is now in a position to look at the books, look at the prior records within the bureau, and expose the political agenda within it to the larger public. That is sending the progressives bananas.
Most likely President Trump will not appoint a replacement until Mulvaney has exposed the corruption within the bureau. That sunlight is toxic to Elizabeth Warren and can potentially be politically destructive to the Democrats. If the secrets within the bureau are revealed, there’s a much greater likelihood the bureau will be dissolved.
As Sundance went on to note, there’s “billions of scheme and graft at stake,” and within the secret records of the CFPB there’s likely dozens of progressive/Democrat groups being financed by the money extorted from the private sector, all of which poses a “risk to the SWAMP” if exposed.
Because of this, Warren is in full panic mode as she works feverishly to ensure a Trump ally doesn’t remain in the top position at the bureau. Not only will it lead to massive corruption being exposed, but Mulvaney intends to totally retool the agency so it actually does what it’s intended to do, rather than what Warren and others have abused its authority to do.
Check out his press conference from Monday, and watch the entire thing. Mulvaney brilliantly handles reporters while leaving little question about his intentions:
Meanwhile, the Gateway Pundit outlined some of the nefarious actions from the CFPB:
Reports of the CFPB awarding lucrative contracts to left-leaning organizations is nothing new.
While the amount revealed pales in comparison to what is really ‘under the hood,’ it’s important to remember the CFPB’s activities are shrouded in mystery. Perhaps, not for long if the Trump administration gets its way.
So yeah, it would appear as if Sen. Warren has plenty to worry about with Mulvaney leading the CFPB. But too bad for her, not only has the Justice department reviewed the law and said that President Trump has the authority to appoint an interim director, so has the legal counsel for the CFPB, so it looks like she’s fighting a losing battle.