-- Connecting the dots between our economy, government and business --
The Consumer Financial Protection Bureau, a federal bureaucracy with a vast jurisdiction, is testing a novel approach to crime and punishment. In a lawsuit against Townstone Financial, a small Chicago-area nonbank mortgage firm, the CFPB is signaling that it may attempt to punish anyone who complains about neighborhood crime.
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Aaaaaaah, the new $payday$ mother load for Illinois Trial Lawyers Association 👍🤑👍🤑👍🤩
The CFPB is a bloated entity that is stuffed with overpaid leftists and has little oversight by the federal government. The love child of Obama and Lizzy “Lieawatha” Warren. Put in place to be a leftist enforcement agency when Dems don’t control Congress.
What an extreme overreaching and legally inconsistent position for the bureau to take. All of our institutions have been corrupted by leftists and the woke.
America better wake up to the frontal assault on free speech being conducted by today’s left.
Communism Bearing Down. Could Illinoisans expect anything less in this communist state? NO
It is a secret.
There is no crime. These younglings have an unrestrained enthusiasm for mayhem and creating maximum carnage.