The idea of a independent Consumer Financial Protection Agency is gaining traction again as seen in this Huffington Post . Could the following LOL comic skit be contributing to the momentum?
The problem for the GOP opposition is that they do not want to be on the opposite side of popular and Tea Party sentiment on this issue. The problem for the Democrats is a)almost all regulatory agencies are under a cloud for being less than effective, b)the costs of setting up the agency will play into the “no more debt” hands and c)even if enacted, the Agency will not be able to start-up and deliver effective help until well after the November elections. Gee “tag your it” seems to be right on.