Calls to Scrap Consumer Agency to 'Protect Consumers'
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TRACY BYRNES: Yeah, well most things do these days. Look, we're talking about more power-hungry bureaucrats needless regulation and compliance and costs that are just going to be passed on to the consumer. So the agency created to help the consumer is going to end up hurting them in the end. Look, ask corporate America. Ask Bank of America. Bank of America recently tried to impose fees on its customers and what do they do? They bark back and the fee's gone. Maybe we should let the capital markets do it themselves.
WAYNE ROGERS: By the way, this is created under Dodd Frank allegedly, reform act. Dodd Frank is two thousand, two hundred pages long. Nobody knew what was in it when they voted on it. The Congress again, a massive moronic statements about it, didn't understand it and now you come out and you appoint a tsar to run this thing. It has no budget. It creates its own budget. It creates its own rules as you rightfully pointed out; twenty one of them so far and they're totally out of control. Every single one of these agencies then proliferates itself and it appoints more and more people and you have massive regulation, some of which are at odds with each other by the way if you read it carefully. So, it's impossible to comply. There is no way the federal government is going to continue to do this. At some point you're going to have to have some kind of a revolution in this country I think. It's just insane with what is going on.
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