The headline of this story gave me hope that perhaps Mr. Will had regained some
of the sensibility that he's lost in the past few years and was arguing
that the CFPB and the economic realities behind were due a careful public
examination to remove politics from the rationale behind the bureau's
existence. A thoughtful, politics-free discussion of the CFPB, even from a
conservative perspective, could be both bracing and instructive. Those were my
hopes.Nope. What a disappointment.Sadly, Mr. Will is
still just the far right crank he became about six years ago. There is no
cogent discussion of _why_ the CFPB was created or might be needed in our
economy, just a rehash of the same spin and dissembling that credit card
companies began shoving on us when it looked like their abuses of consumers
might have reached the public's threshold of pain.
Consumer protection is a politicians idea of how to take control and an
advantage of the ignorant, dependent masses of which there are plenty. It never
works either because it is run by the government. I prefer the BBB approach not
run by politicians.