Bad News for Mike’s Favorite Agency, Mendez Mistrial, Listener Mail
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November 22, 2017
Mike and Jay open by discussing what, for Mike, was crushing news - Consumer Financial Protection Bureau head Rob Cordray announced that he would be stepping down. Mike points out that since its creation as part of the 2010 Dodd-Frank financial reform legislation, the semi-independent CFPB has been a strong advocate for consumers. He laments that this this will largely cease under Trump-appointed leadership. Jay, like most Republicans, believes that the agency is too independent, needlessly harms financial institutions for the sake of powerful Democratic interests, and needs to be reined in. Next, they talk about the mistrial recently announced in the federal corruption trial of Democratic New Jersey Senator Robert Menendez. Had Menendez been convicted, outgoing governor Chris Christie may have been able to appoint a Republican to take Menendez’ place, giving the GOP another much-needed seat to bolster their slim Senate majority. Both Mike and Jay seem to believe Menendez is guilty of, at the very least,…