CFPB Knew Ahead of Time about BofA Debit Card Fee

[fskimospy]

Strange how Congress investigated McCain and made him show a BC. Fucking moron.

Nope, they sure didn't.

They made no investigation, simply passed a unanimous nonbinding resolution that he met the qualifications to be president. In fact, McCain never released his birth certificate.

 

[xBiffx]

There are racist Democrats today.

Thanks for the example. No link required to back this one up.

 

[woolfe9999]

KKK - Started by democrats.
Republican party - Started to end slavery.

I'm not weighing in on the comments made about racism today, but that is not relevant because this is about liberals and conservatives, not democrats and republicans. For the most part, the dem party was conservative, particularly throughout the 19th century, whereas the repub party was more the progressive party. With party loyalties between south and northeast flip flopping in the 20th century, that has changed.

Edit: Oneofthesedays pretty much already said this but I hadn't read it.

 

[xBiffx]

Nope, they sure didn't.

They made no investigation, simply passed a unanimous nonbinding resolution that he met the qualifications to be president. In fact, McCain never released his birth certificate.

I apologize, he didn't show it to Congress, just a reporter. But the matter was still before Congress whereas there was no resolution in the case of Obama.

 

[brencat]

Your OP sounds like you are against him being a politician.

You are now angry at private companies going to the government for "tacit" approval.

But,... you do not approve of the government approaching these banks to be in cahoots with.

... seriously, what ARE you complaining about here?

You've seen my posts. While I lean center-right, I hate both parties. I also hate crony capitalism and people that politicize issues instead of trying to solve problems. So I'm mad that Obama's CFPB chose not to discourage BofA from imposing the fee nor to thank them for giving the govt the heads up, and I'm also mad that Obama then chose to use the announcement for political purposes. He should have just STFU instead of pouring gasoline on the fire.

Don't you think it's a little hypocritical that the govt knew ahead of time about the fee, said nothing, but chose to wait until the company announced it to the public before piling on the negative rhetoric for political purposes?

My point of this thread is... I'm tired of politics instead of problem solving.

 

[Ausm]

Color me shocked. Obama's CFPB was told by BofA officials 2 weeks ahead of time they were planning to impose a debit card fee and no one complained or was opposed to it. Then BofA announces it and Obama promptly goes on national TV to politicize the issue and claim how unfair it was to consumers. Getting tired of this nonsense actually.

http://www.bloomberg.com/news/2011-...-said-to-have-known-about-bofa-debit-fee.html

How could you find this shocking when the Republicans have done everything in their power to prevent this agency from doing it's job let alone stall the appointment of the personnel President Obama wanted to head it...Elizabeth Warren comes to mind :whiste:

 

[Ausm]

You've seen my posts. While I lean center-right, I hate both parties. I also hate crony capitalism and people that politicize issues instead of trying to solve problems. So I'm mad that Obama's CFPB chose not to discourage BofA from imposing the fee nor to thank them for giving the govt the heads up, and I'm also mad that Obama then chose to use the announcement for political purposes. He should have just STFU instead of pouring gasoline on the fire.

Don't you think it's a little hypocritical that the govt knew ahead of time about the fee, said nothing, but chose to wait until the company announced it to the public before piling on the negative rhetoric for political purposes?

My point of this thread is... I'm tired of politics instead of problem solving.

Better not back Perry or Romney if they get the GOP nomination then

 

[Macamus Prime]

I apologize, he didn't show it to Congress, just a reporter. But the matter was still before Congress whereas there was no resolution in the case of Obama.

Look, he even has it up on the whitehouse website:
http://www.whitehouse.gov/sites/default/files/rss_viewer/birth-certificate-long-form.pdf

Does this help at all?

 

[Ausm]

Look, he even has it up on the whitehouse website:
http://www.whitehouse.gov/sites/default/files/rss_viewer/birth-certificate-long-form.pdf

Does this help at all?

That idiot is a birther??? I guess that explains his posts then

 

[xBiffx]

Look, he even has it up on the whitehouse website:
http://www.whitehouse.gov/sites/default/files/rss_viewer/birth-certificate-long-form.pdf

Does this help at all?

GTFO. This isn't turning into a birther issue in this thread. Someone just decided to inject race into this topic like a fucking idiot. The birther issue just came up as a part of that sideline discussion. We have seen the link before.

 

[CPA]

Don't do one thing and then flip and do another just so you look better to your "constituents". Problem solved.

I have no problem with him not saying something when he was first told. I have a big problem with him trying to earn points with the public by making it an issue all of a sudden.

 

[fskimospy]

Don't do one thing and then flip and do another just so you look better to your "constituents". Problem solved.

I have no problem with him not saying something when he was first told. I have a big problem with him trying to earn points with the public by making it an issue all of a sudden.

You think Obama was personally told? When do you think this happened?

 

[JSt0rm]

I apologize, he didn't show it to Congress, just a reporter. But the matter was still before Congress whereas there was no resolution in the case of Obama.

look how dumb you are

 

[OneOfTheseDays]

Don't do one thing and then flip and do another just so you look better to your "constituents". Problem solved.

I have no problem with him not saying something when he was first told. I have a big problem with him trying to earn points with the public by making it an issue all of a sudden.

This guy is a fucking CPA. Do you really think he's going to be able to look rationally at our President?

It's in his best interest that Obama is defeated and crony capitalism survives.

 

[Macamus Prime]

GTFO. This isn't turning into a birther issue in this thread. Someone just decided to inject race into this topic like a fucking idiot. The birther issue just came up as a part of that sideline discussion. We have seen the link before.

Stop biting down on your lower lip so hard, you might start bleeding.

 

[brencat]

Don't do one thing and then flip and do another just so you look better to your "constituents". Problem solved.

I have no problem with him not saying something when he was first told. I have a big problem with him trying to earn points with the public by making it an issue all of a sudden.

Perfectly summed up, thanks CPA. And in his attempt to 'earn points', he further added to his anti-business credentials and general distrust among the business community, was my point.

 

[OneOfTheseDays]

The business community can suck an egg as far as I'm concerned.

These idiots, who produce almost NOTHING of value, put us in this predicament to begin with. Subprime mortgages, derivatives, betting against them, etc. All for what? The destruction of this country just to make a buck.

That's not the America I want to live in. I want these crooks prosecuted and brought to justice. I want SERIOUS federal oversight on EVERYTHING these crooks are doing. I want HEAVY regulations on what our financial institutions are able to do. Most Americans just want to find a decent paying job, buy a house, and raise their families. They are not infected with malicious greed that has overtaken the financial industry in this country.

 

[CPA]

You think Obama was personally told? When do you think this happened?

C'mon, I know you're smarter than that. Don't be so damn literal.

 

[CPA]

This guy is a fucking CPA. Do you really think he's going to be able to look rationally at our President?

It's in his best interest that Obama is defeated and crony capitalism survives.

And how is that, oh wise one? Please explain it to me why I have a vested interest in crony capitalism.

You are correct, I do want Obama defeated...because I'm racist, right?

 

[Macamus Prime]

I want SERIOUS federal oversight on EVERYTHING these crooks are doing. I want HEAVY regulations on what our financial institutions are able to do.

This already exists. And, it doesn't do or mean anything to anyone.

Also, where you scream about regulation in the capital markets, the private investment sector rules the Dow like it's own bitch.

What is even worse; there are people who are no were near or will ever be near the wealth of the top 1% and these same people defend said 1%. So, not only do the rich get to do whatever they want, they even have henchmen who repeat the same shit every and anytime they can.

 

[fskimospy]

C'mon, I know you're smarter than that. Don't be so damn literal.

But your accusation is based around him knowing at one point and not caring, then shifting to a different stance for political advantage. I have no idea if that's actually the case.

Not that I really care of course, I've long ago come to grips with politicians trying to have it both ways, but I'm not sure what evidence is causing you to think this is how it went down.

 

[CPA]

This already exists. And, it doesn't do or mean anything to anyone.

Also, where you scream about regulation in the capital markets, the private investment sector rules the Dow like it's own bitch.

What is even worse; there are people who are no were near or will ever be near the wealth of the top 1% and these same people defend said 1%. So, not only do the rich get to do whatever they want, they even have henchmen who repeat the same shit every and anytime they can.

I defend them because I want to be one, one day. Does that make me an evil person?

And contrary to popular belief most of the 1% are not screwing over the 99%. It just makes it easier to think that and justify your actions when it's 99 to 1.

 

[CPA]

But your accusation is based around him knowing at one point and not caring, then shifting to a different stance for political advantage. I have no idea if that's actually the case.

Not that I really care of course, I've long ago come to grips with politicians trying to have it both ways, but I'm not sure what evidence is causing you to think this is how it went down.

If he was immediately able to slam it when it went public and the CFPB knew about it two weeks prior, then my guess is someone high up in his administration knew about it and felt it wasn't a big deal OR he DID know about it and felt it wasn't a big deal, until public sentiment made it a big deal. Either way, he is accountable.

At the end of the day, it's political posturing, as you state.

 

[Macamus Prime]

I defend them because I want to be one, one day. Does that make me an evil person?

And contrary to popular belief most of the 1% are not screwing over the 99%. It just makes it easier to think that and justify your actions when it's 99 to 1.

Not at all - good luck and keep your nose clean!

Madoff, Enron, tons of hedge funds that cause all sorts of havoc, UBS getting sued by the US for helping it's clients with tax evasion, offshore accounts, vulture capitalism, etc.

Rich people haven't exactly done an equal amount of good. $100k donation to a charity don't mean much when they drink up millions in spilled blood.

 

[JSt0rm]

I defend them because I want to be one, one day. Does that make me an evil person?

And contrary to popular belief most of the 1% are not screwing over the 99%. It just makes it easier to think that and justify your actions when it's 99 to 1.

20% think they are in the top 1%