Alan Grayson Introduces Amendment to Stop People From Going Broke or Homeless

Rep. Grayson calls for an annual financial autopsy done by the Consumer Financial Protection Agency. If a financial product or service is causing a lot of people to go broke or bankrupt, the CFPA will restrict or ban it. Specifically, this amendment will compel the CFPA to do an annual scientifically valid study in every state and territory to find out which products are causing people to go broke or bankrupt. Based on this study of foreclosures and bankruptcies, the CFPA will lay out the root causes of these financial catastrophes, make recommendations, and take corrective action under the authority of this act.

Category:

News & Politics

Tags:

• Alan
• Grayson
• Consumer
• Financial
• Protection
• Agency

[treid100182]

GRAYSON for President.

[Soldierette]

Yeah, yeah, yeah, I know. People need to pull themselves up by their bootstraps, even if they don't have BOOTS! The Republican/Libertarian mantra.

[deeppurple28]

The tea party illiterates voted this guy out! Morons.

[coronet72]

When banks/credit card lenders can arbitrarily jack up interest rates or like Bank of Americas new $9.00 checking account maintenance fee (unless you have over 50K in your account), HMO's skyrocketing increases (with record profits) people are getting screwed every day. We need representatives like Grayson to keep that kind of greed in check. It would be interesting to see a how much each representative gets in contributions from corporate/special interest/lobbyist.

[Hyena62]

As a mortgage broker, a "friend" wanted to buy a home. Her credit was tough, but she had some savings for a big enough down payment to help make it work. It wasn't intended, but I booked for the file for a zero gain......the first file ever done for free. She was a friend so it was ok. On a 2-yr ARM, she was supposed to CLEAN-UP her credit within the 2-yrs to qualify for the low-ball 30-yr fxd rate mortgage. She starte suckin' crystal meth, screwed her credit, blamed me! Sure, that works!

[Hyena62]

Sorry, Alan! You can't outlaw STUPID.

OH....HEY!! Speaking of stupid........how the hell did you manage to get elected?!

Thank God for elections and you got TOSSED OUT!!

[EcrossH]

@milkman52879 Paul, Kucinich, Grayson, and Weiner are the only legislators that aren't bought out. I present as evidence of corporate take over of american politics that corporate america spent millions upon millions taking Grayson out in this last election alone. He was the most avid foe of corruption we've seen.

[oakwoodx88]

Isn't the board game Monopoly supposed to be a good illustration of how capitalism is supposed to work? And doesn't game end with one person getting all the money and the others going broke? Think about it, at the beginning everyone has the same, with the same chances. But in the end it's one guy who gets it all, sooner or later. Having capitalism 'with ethic and morality' is a laugh because it's not designed to work that way. That's why we need to put back regulation Reagan and others threw out

[milkman52879]

@pitbrand

I agree. Paul, Kucinich, and Greyson are 3 representatives in DC who actually represent THE PEOPLE instead of corporate interests. The lobbyists don't even bother sitting outside Paul's office. It should speak volumes to the people that representatives like Ron Paul are the rare exception.

I disagree with Grayson and Kucinich on a few things, such as social issues, but for the most part I am a big fan of both, and I'm a libertarian.

[keng612]

Regulation would not be needed if the banks and corporations exercise capitalism with ethics and moral standards. In other words. Make a profit, but quit ripping off people. Then the Government won't have to intervene.

[pitbrand]

@Soldierette And Congressman Grayson is the man that added the amendment to Congressman Ron Paul's bill H.R. 1207 to audit The Fed. They watered down the bill and Congressman Grayson added an amendment to put the power of the GAO audit back into the bill. He and Dr. Ron Paul work together on many of these issues. The media is playing the politic game with the interviews done by Rand Paul and passing Rand Paul's views onto anyone they can just like Palin is overly attached to Rand Paul.

[pitbrand]

@Soldierette If you invested some time you'd find that Ron Paul who has been the leading member of the republican/libertarian caucus has voted side by side with the most progressive member that is Dennis Kucinich. They've both made statements to say that they'd run on similar values while they agree that they have difference of opinion that they would like to use that difference of opinion to find the proper medium. Paul wants the government to work within its means starting with the military.