Batman just wants to do his job of protecting Gotham from crime. And the CFPB wants to do its job of protecting consumers from financial predators. Perhaps as the Dark Knight Rises to defeat the princes of evil, American voters should finally stand up to this army of darkness.
Today, Federal Reserve Chairman Ben Bernanke will be testifying before a House Financial Services Committee. Would it not be timely if he were asked about the role the Fed plays in facilitating the bank holding companies to hold sway in the oil market?
Tomorrow morning, Dimon will again face questioning, this time from the House Financial Services Committee. Whether we hear as much praise and kowtowing remains to be seen, but given last week's sham, I wouldn't hold my breath.
On the same day I testified on Capitol Hill about the terrible record for transparency and corrupt records at the Federal Reserve, its chairman, Ben Bernanke, gave a strong opposing view before the Joint Economic Committee.
In September 2008, the Federal Housing Finance Agency took over Fannie and Freddie and the Treasury Department agreed to cover their losses to keep them in business. But it has cost taxpayers $162 billion so far to cover Fannie's and Freddie's losses.
After two years of intensely partisan and polarizing positioning around the future of Fannie Mae and Freddie Mac, two bi-partisan proposals have created a new front that could signal a more hopeful future for the debate.