Republican strategy to reform CFPB

[Cant trust em]

Only in Washington is reform needed for something not even fully formed. Republicans seek to correct the shortcomings of the broad financial regulation passed this summer. One of their major targets is the consumer financial protection bureau. Top Republican lawmakers are already calling for investigations of the agency, even though it hasn't really begun functioning yet. Still, the bureau may be a legitimate candidate for reform so how should Republicans approach such a task?

Don't Try to Do Too Much

For starters, they shouldn't spend too much time trying to do anything too aggressive. For example, there's no point in wasting countless hours drafting talking points and legislation which would kill the bureau altogether. There's zero chance a Democratic Senate and White House will allow that to happen. Indeed, it will also probably look bad politically if Republicans lead a crusade to kill a bureau that most Americans likely believe is meant to protect them. Such a strategy would do Republicans more harm than good.

More at the link.

http://www.theatlantic.com/business/archive/2010/11/republican-strategy-to-reform-the-consumer-finance-watchdog/66982/