Trump/Musk Blocked from 'Irreparable Harm' in Triumph for the People

In a triumph for the people and for those who actually value sound financial governance, a Judge saved the Consumer Financial Protection Bureau from Musk/ Trump attack.

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In a triumph for the people and for those who value actual sound financial governance, a federal judge blocked Trump from dismantling the Consumer Financial Protection Bureau on Friday. The CFPB is an independent agency of the government responsible for consumer protection in the financial sector, which was put into place when? Oh, after the crash of 2008. You know, the last time deregulation and lack of oversight caused Americans to lose their homes and retirement accounts.

U.S. District Judge Amy Berman Jackson blocked Musk/Trump from mass firings in a preliminary injunction, noting, “If the defendants are not enjoined, they will eliminate the agency before the Court has the opportunity to decide whether the law permits them to do it, and as the defendants’ own witness warned, the harm will be irreparable.”

She further added per the AP linked above, “the court ‘can and must act’ to save the agency from being shuttered.”

The CFBP has put “more than $21 billion back in the pockets of over 200 million consumers. Those types of enforcement are now on hold.”

$21 BILLION dollars back in your pocket book and they want to shutter it!

The enforcement activity of the CFBP is pursued “independently, free from industry interference,” because it is funded by the Federal Reserve. This means Big Business doesn’t get to thell CFBP what to do, as they do in almost every other agency given the very convenient revolving door of recently stepped down CEO types who get nominated to make decisions at the agencies that oversee their sector.

Kind of like putting Elon Musk in charge of government fraud, waste and abuse: Fox in the henhouse.