Because helping the middle class who was crushed by the last two recessions is a hard concept to understand. It's easier to simply allow Wall Street to ripoff the country and call the shots. We know that Wall Street can properly control themselves and they've always been known as an honest bunch who only think about the customer. Especially the middle class customers. CNNMoney:
House Republicans on Wednesday detailed a new barrage of legislative measures they plan to pursue that would dilute, delay and curtail powers of the new Consumer Financial Protection Bureau (CFPB).Does "popular" really fund a political campaign against Wall Street?
"This is just the beginning of what will be an ongoing dialogue of how to better reform the CFPB," said Rep. Shelley Moore Capito, a West Virginia Republican during a hearing on Wednesday. "The current structure simply puts too much power in the hands of one individual and does not allow for sufficient oversight of the regulations put forth by the bureau."
The new consumer bureau was the most popular part of the Wall Street reforms passed into law last year. But it was also the most politically controversial, barely emerging after more than a year's worth of legislative wrangling.
