The CFPA: How a crusade to protect consumers lost its steam – washingtonpost.com

I’m shocked at how much big money is going into this. And these f*****s are throwing ads up on my site, too. Go ahead and click on one of the CFPA ads if you want to see some really intense astroturf (that’s fake grassroots) marketing.

At a time when the country is deeply divided over the proper role of government, what is Capitol Hill's appetite for a new, independent agency with broad power to police the financial industry and protect consumers from the risky lending practices that contributed so much to the financial crash of 2008?

It looks like they misled some people, and planted others. Altogether, it’s quite impressive. I like how they completely avoid mentioning what CFPA stands for (Consumer Financial Protection Agency).

via The CFPA: How a crusade to protect consumers lost its steam – washingtonpost.com.

Freefall: EURUSD 1.2388 And Plunging, Market Liquidity Disappears Again, Traders Brace For Another Flash Crash | zero hedge

Full profit taking in everything. Now even gold is plunging, but it is likely an LBMA “intervention.” EURUSD just broke through 1.23 and has no further realistic supports for a long time. The money has no option but to go into gold or money markets. For now it is not going into gold, which means it is a relatively good buying opportunity. Liquidity in stocks is now gone as volume picks up. Two of the desk traders we have spoken to are all wearing fireman's hats, bracing for Flash Crash part 2.

via Freefall: EURUSD 1.2388 And Plunging, Market Liquidity Disappears Again, Traders Brace For Another Flash Crash | zero hedge.

Challenger Investigation Got $175 Million. Columbia $152 Million. Lewinsky $30 Million. 9/11 $15 Million. Financial Crisis Gets Only $8 Million | zero hedge

You can tell a lot about the questions which the government is truly interested in finding answers to by the amount of money it authorizes for the various investigations.

via Challenger Investigation Got $175 Million. Columbia $152 Million. Lewinsky $30 Million. 9/11 $15 Million. Financial Crisis Gets Only $8 Million | zero hedge.