It's About Liberty: A Conservative Forum
Topics => Economy => Topic started by: BMG on June 22, 2012, 10:38:13 AM
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LINK (http://hotair.com/archives/2012/06/21/glorious-texas-bank-to-launch-constitutional-challenge-to-dodd-frank/)
TEXAS COMMUNITY BANK, SENIORS AND FREE ENTERPRISE GROUPS FILE SUIT CHALLENGING DODD-FRANK
Unchecked Power of Consumer Financial Protection Board Unconstitutional
WASHINGTON, D.C., June 21, 2012 – The State National Bank of Big Spring, Texas, today filed a lawsuit asking the U.S. District Court for the District of Columbia to hear its case challenging the constitutionality of provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Competitive Enterprise Institute and the 60 Plus Association are also joining this community bank as plaintiffs in the same action, requesting the Court to invalidate the law because of the unprecedented, unchecked power it gives the government.
“No other federal agency or commission operates in such a way that one person can essentially determine who gets a home loan, who can get a credit card and who can get a loan for college,” said Jim Purcell, CEO of State National Bank. “Dodd-Frank effectively gives unlimited regulatory power to this so-called Consumer Financial Protection Board, also known as CFPB, with a director who is not accountable to Congress, the President or the Courts. That is simply unconstitutional.” …
This is encouraging...
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MORE. FASTER. DAMMIT!
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Yup. In a sane world there would be millions of cases flooding the courts.
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Yup. In a sane world there would be millions of cases flooding the courts.
There certainly would be if they weren't all on the take or the donation list. ::rockets::