• [ network ]
  • goatmatrix.net
  • gvid.tv
  • img.gvid.tv
  • games.gvid.tv
  • apps.gvid.tv
HomeUploadUpload DirectHotlinkRandomAbouttheme toggle
Expand

Obama's CFPA: The Next Great Leap Backwards for Consumer "Rights"

Views:1017
@ReasonVids

Is your mortgage confusing to you? Are you bewildered by credit card offers? Do you crave the simplicity of "plain-vanilla" financial vehicles whose complete terms can be read in less than four minutes?

Be careful what you wish for: The Obama administration and members of Congress are pushing legislation that will create a new agency, The Consumer Financial Protection Agency, whose job would be to simplify and police all manner of financial transactions, from what sorts of mortgages could be offered to what sort of credit cards would be in your wallet to whether Wall Street could create new ways of buying and selling stocks. In the name of making your life easier and avoiding the next financial meltdown, the CFPA might just harshly limit how you spend your hard-earned (and dwindling!) dollars.

Would the CFPA do anything other than add another layer of bureaucracy and regulation on top of what already exists? Are consumers too bewildered by competing credit cards to make a rational choice? Reason.tv's Nick Gillespie recently sat down with George Mason University law professor, Volokh Conspiracy blogger, and Mercatus Center scholar Todd Zywicki to get answers.

"The agency is one of the centerpieces of the Obama regulatory reform acts," says Zywicki, "It goes far beyond how we've thought about consumer credit regulation for the past 30 or 40 years." More importantly, it will do nothing to address pernicious incentives that encouraged banks and consumers to take on more debt than was prudent.

For more videos and downloadable versions, go to http://reason.tv

todd zywicki
,
barack
,
obama
,
credit
,
cards
,
mortgages
,
volokh conspiracy
,
gerge mason
,
mercatus center
    Thumbnail for Neuroeconomist Paul J. Zak  on Markets and the "Molecule of Love"9:46
    Neuroeconomist Paul J. Zak on Markets and the "Molecule of Love"
    ReasonVids
    883 views
    Thumbnail for Richard Nixon on jews: "You can't trust the bastards."2:28
    Richard Nixon on jews: "You can't trust the bastards."
    allAheadFull
    858 views
    Thumbnail for Extending Ulam Beyond Primes | Jacob Yatsko9:21
    Extending Ulam Beyond Primes | Jacob Yatsko
    invidious
    142 views
    Thumbnail for jews Believe it is their Destiny to be Slave Masters1:47
    jews Believe it is their Destiny to be Slave Masters
    allAheadFull
    722 views
    Thumbnail for The Worst (Or Is That the Best?) Obama Tchotchke0:16
    The Worst (Or Is That the Best?) Obama Tchotchke
    ReasonVids
    964 views
    Thumbnail for CLASSE BOURGEOISE : LES PARASITES DE LA SOCIÉTÉ ?45:05
    CLASSE BOURGEOISE : LES PARASITES DE LA SOCIÉTÉ ?
    poasttv.topic
    662 views
    Thumbnail for Are Aftermarket Seats Worth It? | Donut Media12:46
    Are Aftermarket Seats Worth It? | Donut Media
    invidious
    391 views
    Thumbnail for The EU on the verge of bankruptcy because of giving too much money to Ukraine and for immigration1:24
    The EU on the verge of bankruptcy because of giving too much money to Ukraine and for immigration
    bestofvoatxyz
    588 views
    Thumbnail for How Obama's War on Drugs Destroys Legal Immigrant Families4:25
    How Obama's War on Drugs Destroys Legal Immigrant Families
    ReasonVids
    941 views
    Thumbnail for 2000’s Brainrot Romcom Original1:33
    2000’s Brainrot Romcom Original
    x0x7
    346 views
    Thumbnail for Can Medical Tourism Save Us From Obamacare?3:50
    Can Medical Tourism Save Us From Obamacare?
    ReasonVids
    866 views
    Thumbnail for All that glitters is gold0:10
    All that glitters is gold
    EricaPolarBear.Archive
    321 views
    Thumbnail for Monty Python forever0:21
    Monty Python forever
    x0x7
    26 views
    Thumbnail for Let This Joke Die... | WesleyWAT0:38
    Let This Joke Die... | WesleyWAT
    invidious
    321 views
    Thumbnail for “It’s not only that Donald Trump has to lose, his enablers have to lose. We have to collectively burn down the Republican Party. We have to level them. Because if there are survivors....they will do it again.” Jennifer Rubin0:44
    “It’s not only that Donald Trump has to lose, his enablers have to lose. We have to collectively burn down the Republican Party. We have to level them. Because if there are survivors....they will do it again.” Jennifer Rubin
    bestofsaidit
    4929 views
    Thumbnail for Whale of a Chess Puzzle | Chess Vibes6:52
    Whale of a Chess Puzzle | Chess Vibes
    invidious
    687 views
    Thumbnail for Jimmy Song: Bitcoin, Universities, and Christian Theology49:23
    Jimmy Song: Bitcoin, Universities, and Christian Theology
    ReasonVids
    943 views
    Thumbnail for Remy: Dogecoin Rap2:23
    Remy: Dogecoin Rap
    ReasonVids
    1174 views
    Thumbnail for Feds Sentence Aaron Sandusky to 10 Years for Medical Marijuana3:53
    Feds Sentence Aaron Sandusky to 10 Years for Medical Marijuana
    ReasonVids
    974 views
    Thumbnail for How Government is Destroying the Medical Profession: Q&A with Dr. Jeffrey Singer6:11
    How Government is Destroying the Medical Profession: Q&A with Dr. Jeffrey Singer
    ReasonVids
    944 views
    Thumbnail for Brain Games' Jason Silva Talks Techno Optimism7:23
    Brain Games' Jason Silva Talks Techno Optimism
    ReasonVids
    1026 views
    Thumbnail for Don't Ban DUI Checkpoint Apps!3:27
    Don't Ban DUI Checkpoint Apps!
    ReasonVids
    982 views
    Thumbnail for When a death knight does side quests - Death Knight | Viva La Dirt League3:14
    When a death knight does side quests - Death Knight | Viva La Dirt League
    invidious
    421 views
    Thumbnail for *VIRAL* DUBAI DESSERTS #shorts | Bake With Shivesh0:51
    *VIRAL* DUBAI DESSERTS #shorts | Bake With Shivesh
    invidious
    316 views
    Thumbnail for Virginia Postrel: Glamour, Politics, & Voter Expectations8:14
    Virginia Postrel: Glamour, Politics, & Voter Expectations
    ReasonVids
    1225 views

points

Permalink
Reply
todd zywicki
,
barack
,
obama
,
credit
,
cards
,
mortgages
,
volokh conspiracy
,
gerge mason
,
mercatus center
TOS  •  Add Keywords  •  Donate  •   Analytics  •   DMCA  •   Puzzle