President Trump is adverse to bloated bureaucracies, but he may want to hire (at least temporarily) a slew of professional auditors, because everywhere Trump officials look, they find Obama era slush funds stealing tax payer money.
The Washington Examiner reports that the appointment of Mick Mulvaney, Trump’s Director of the Office of Management and Budget, to take over directorship of the Consumer Financial Protection Bureau, has resulted in the uncovering of yet one more slush fund Obama-era Democrats used for themselves.
Deputy Director Leandra English attempted to stop Mulvaney’s appointment, but a federal judge said the move was legal and thus the doors to a shady entity were opened wide.
Created in the summer of 2011, by Fauxcahontas Senator Elizabeth Warren (D-MA), the Consumer Financial Protection Bureau (CFPB) was ostensibly founded in the wake of the 2008 Great Recession to use fines paid by financial institutions to compensate victims of ‘Too Big to Fail’ malfeasance as well as using some of the money to ‘educate’ the public on its mission. It is the education aspect of the CFPB that harbored the slush fund, Mulvaney has learned.
The intention of Democrats to use the CFPB for illegal purposes was clear from the beginning, when they chartered it in a manner that made it independent from Congressional oversight.
Formerly headed by Richard Cordray, the CFPB began to draw suspicion almost immediately from groups like the Competitive Enterprise Institute (CEI), who claimed that the bureau’s officials were on record as “writing checks to liberals at a rate of 593 to one Republican, including $46,611 to Clinton, $13,190 to Warren, and $19,988 to Obama.”
The CFPB was also caught awarding GMMB Inc., a powerful media consulting shop, a $14 million contract that went to producing political ads for Obama and Hillary Clinton.
“All of this is under strictest review. While we get our arms around it, the director is personally approving any payment out of these funds to ensure that they are going to actual victims,” a Mulvaney spokesman told the Examiner.
Zero Hedge reports that the majority of the $5 billion in fines it collected over six years has gone to liberal groups and community organizers. Before Mulvaney took over, the bureau REFUSED to detail where the money was going.
We are waiting for your statement on this scam @SenWarren @SenatorShaheen BUSTED: Elizabeth Warren's CFPB Used Secret "Slush Fund" To Funnel Billions Into Left-Wing Causes @GerryCallahan https://t.co/gwyHuNQXOL…
— BLUE-BALLS 😱 (@FireFanMVP) December 7, 2017
Now that Trump has control over the scam, maybe more answers will be forthcoming.
What do you think? Should the CFPB be ended?
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