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Consumers Be Damned: The Politics of No

September 18, 2011

Last week's Senate Banking Committee hearing on the nomination of Richard Cordray to lead the Consumer Financial Protection Bureau featured prepared speeches that were utterly without sound and fury but still managed to do a huge disservice to American consumers. It felt like a really bad Capitol Hill reality show, devoid of all emotion, featuring actors who made Snookie and the Situation seem like "clean" coal shills at a global warming conference.

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