Bernie Sanders : "Large Corporations Should Stop Lecturing Congress"

[Bernie93]

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[ViseGrip]

1. What part don't Hillary voters get? Activists choose to ignore it, but

I guess the rest listen to the msm propaganda machine....

[snowy owl]

2. CFPB puts bankers in their places but not soon enough for me.Scalia-roll over in grave.

http://www.huffingtonpost.com/paul-bland/the-cfpb-just-took-a-huge_b_9847266.html?utm_hp_ref=politics

How did arbitration get to be so unfair? In the past, many state laws were clear that if an arbitration clause that banned class actions would undermine a consumer protection law, then a court should strike it down. But in a pair of 5-4 decisions, Justice Scalia wrote opinions that swept all that law away. As a result, corporations could write fine print contracts that would override actual laws. These decisions - one in 2011 and one in 2013 - were unmitigated disasters for consumers and they transformed the Federal Arbitration Act - in place since 1925 - into a Federal Predatory Lender Immunity Act.

But today, things are changing. The CFPB is living up to its name — the Bureau really is protecting consumers. CFPB Director Rich Cordray is probably the most effective agency head in the federal government. He is not afraid to stand up to huge and politically powerful corporations on behalf of the American people. He’s worked hard to ensure the agency lives up to the vision that Elizabeth Warren had when she was advocating for its creation. It’s no wonder why politicians who get huge campaign contributions from large banks hate the agency so much. Many House Republicans attack the CFPB almost as often as they try to repeal the Affordable Care Act.

[raouldukelives]

3. Those aren't corporations saying that, it is the voice of every shareholder in unison. nt

[Orsino]

4. Congress should stop selling them airtime. n/t

[uponit7771]

5. "...except for Bereta, Bushmaster, Century Arms, Charles Daly" Few dems believe #SandersSoSanctified

[Jitter65]

6. Congress should stop asking for their comments...and money! nt

[ljm2002]

7. Hear, fucking hear!!!!! n/t

[TheBlackAdder]

8. Corporations don't lecture congress, they buy them the fuck off! The Iron Triangle exists!

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That's how the IRON TRIANGLE works - Lobbyist => Legislator => Bureaucrat (The public is shut out)!

In the United States, power is exercised in the Congress, and particularly in congressional committees and subcommittees. By aligning itself with selected constituencies, an agency may be able to affect policy outcomes directly in these committees and subcommittees. This is where an iron triangle may manifest itself. The picture above displays the concept.

At one corner of the triangle are interest groups (constituencies). These are the powerful interest's groups that influence Congressional votes in their favor and can sufficiently influence the re-election of a member of Congress in return for supporting their programs. At another corner sit members of Congress who also seek to align themselves with a constituency for political and electoral support. These congressional members support legislation that advances the interest group's agenda. Occupying the third corner of the triangle are bureaucrats, who are often pressured by the same powerful interest groups their agency is designated to regulate. The result is a three-way, stable alliance that is sometimes called a sub-government because of its durability, impregnability, and power to determine policy.

An iron triangle can result in the passing of very narrow, pork-barrel policies that benefit a small segment of the population. The interests of the agency's constituency (the interest groups) are met, while the needs of consumers (which may be the general public) are passed over. That public administration may result in benefiting a small segment of the public in this way may be viewed as problematic for the popular concept of democracy if the general welfare of all citizens is sacrificed for very specific interests. This is especially so if the legislation passed neglects or reverses the original purpose for which the agency was established. Some maintain that such arrangements are consonant with (and are natural outgrowths of) the democratic process, since they frequently involve a majority block of voters implementing their will through their representatives in government.

https://en.wikipedia.org/wiki/Iron_triangle_%28US_politics%29



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[Tierra_y_Libertad]

9. And, politicians should stop giving paid speeches to corporations.