CFPB’s $23 Million Temporary Lease
7th March 2014
The Consumer Financial Protection Bureau is going to spend $22.3 million to lease temporary office space for two years in a building controlled by an Obama friend and campaign bundler while the new agency’s future headquarters undergoes a $145 million renovation, the Washington Examiner reports. There’s a word for what is being done to taxpayers by this agency’s real estate deals, and “protection” isn’t it.
My, what a surprise! Aren’t you surprised? I’m sure surprised.
In a normal world of checks and balances as envisioned by the founders and enacted in the Constitution, Congress would simply refuse to appropriate these funds, and the agency would find some less expensive workspace. But the agency, as created by the Dodd-Frank financial reform bill, is funded not by Congress but by the Federal Reserve.
We used to have a Constitution; wonder where it went to.