Massachusetts Senator Elizabeth Warren’s biggest achievement from her time in Congress has been the creation of the Consumer Protection Financial Bureau, or CFPB, which was created to act as a watchdog for the financial industry following the 2008-09 financial crisis. Now, however, what she was really doing with the agency has been discovered, and it’s not good.
From Conservative Post:
[With the CFPB] Warren has basically been operating an alleged slush-fund. The New York Post reported that CFPB also has:
•Bounced business owners and industry reps from secret meetings it’s held with Democrat operatives, radical civil-rights activists, trial lawyers and other “community advisers,” according to a report by the House Financial Services Committee.
•Retained GMMB, the liberal advocacy group that created ads for the Obama and Hillary Clinton presidential campaigns, for more than $40 million, making the Democrat shop the sole recipient of CFPB’s advertising expenditure, Rubin says.
•Met behind closed doors to craft financial regulatory policy with notorious bank shakedown groups who have taken hundreds of thousands of dollars in federal grant money to gin up housing and lending discrimination complaints, which in turn are fed back to CFPB, according to Investor’s Business Daily and Judicial Watch.
•Funneled a large portion of the more than $5 billion in penalties collected from defendants to community organizers aligned with Democrats — “a slush fund by another name,” said a consultant who worked with CFPB on its Civil Penalty Fund and requested anonymity.
It’s time for Warren to hit the bricks…of a jail cell! This is outrageous!