Readers react to jilted GSE legacy shareholders and a proposal making it harder to cite disparate impact, criticize Democrats asking the CFPB to stop its payday rule revamp and more.
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"It’s a theft of private property. You don’t have to like the GSEs. However, most Americans don’t realize that without Fannie and Freddie, the 30-year fixed-rate mortgage would not be available.”
Related: GSE bailout was really a stickup
"The arguments here are cherry-picked and spun to rewrite the ugly history of the financial crisis and in particular, what was happening at/to the GSEs."
Related: GSE bailout was really a stickup
"Major American cities and metro areas have become third world-like before our eyes. Let's just double down on whatever we've been doing up until now. Seems wise.”
Related: Trump administration takes giant step backward on racial equality
"The fact that this goes all the way back to the Nixon administration and data shows things haven't changed might mean disparate impact/unintentional discrimination isn't the real problem."
Related: Trump administration takes giant step backward on racial equality
"Dudley’s remarks about using the Fed to influence an election are absolutely stunning. With one article, he has done for the Fed what Comey et al did for the FBI and that is totally blow its credibility."
Related: The Fed shouldn't enable Donald Trump: Bill Dudley
"The CFPB rule relied heavily on a single study of one payday lender in five states . . . How on earth does an agency propose a rule based on a single, limited scope study?"
Related: House Democrats ask CFPB to abandon payday rule overhaul
"Waters is again uninformed and should spend less time attacking pro-business deregulation that she cannot understand."
Related: House Democrats ask CFPB to abandon payday rule overhaul
