Instead of isolating the CFPB from Congress’ budget-making authority, Warren and former President Barack Obama made it easier for a president to effectively shut it down.
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SinceatleastthedaysoftheancientGreeks,humanshaveknownthatonewaytowriteacompellingstoryisbyincludingabitofhamartia—atragicflaw.
Sometimesthatisaphysicalshortcoming—Achilleshadthatfamouslyvulnerableheel—butitisoftenmoreinterestingiftheflawisamoreinnatethingtiedtoacharacter’sunderstandingofthemselves.Hubris,orexcessivepride,isthefamousone.Afterall,itwasn’treallyAchilles’unprotectedheelthattookhimdown,buthisfalsebeliefthathismotherhadmadehiminvulnerable.
YoumightsaytheexactsamethingabouttheConsumerFinancialProtectionBureau(CFPB).Itcouldbeheadedintoasortofcomalaterthisyearbecauseofafatalflawembeddedbyitsownparents:Sen.ElizabethWarren(D–Mass.)andformerPresidentBarackObama.
Unlikeeveryotherdepartmentandagencywithinthefederalgovernment,theCFPBisnotfundedviacongressionalappropriations.Instead,itsfundingflowsdirect
