Excerpt
Just how many cities will burn to the ground before we decide it's OK to enforce some building codes?
In case anyone hasn't noticed, the U.S. is stuck in the worst economic downturn in 80 years. Why this happened is important: It wasn't caused by a debilitating depletion of raw materials, a devastating natural disaster or even a slow, steady decline in competitiveness. No, the recession’s cause is entirely artificial -- runaway bank greed, irresponsible decisions by plenty of people who should have known better and, most important, by the deflation of a financial bubble and its massive fallout.
It seems incredible to argue that, after all this, nothing should change. And yet, that's the feeling you get from opponents of Elizabeth Warren, who have made it their cause celebre to dismantle the most tangible effort since 2008 to stop the financial madness. A handful of bills have been proposed that would defang the new Consumer Financial Protection Bureau, or turn it into a commission so temporary director Warren can't be in charge. We'll get to these in a moment, but suffice to say the legislative efforts are very thinly veiled attempts to close the agency before it opens.
Ah, yes. The "don't regulate our Paymasters" Republicans. Consumers don't need protection.
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