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Former Oklahoma Governor Frank Keating weighs on the divide in Washington over the Consumer Financial Protection Bureau.
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And Washington now as we reported on this show on Friday the Republicans knocking down the president's choice for the Consumer Financial Protection Bureau Richard -- -- And -- senator Lindsey Graham was asked about all this yesterday on meet the press and NBC he said that that bureau.
Is quote something out of the Stalinist.
Era.
Stolid reference Frank Keating joins -- the former governor of Oklahoma president of the American Bankers Association -- in DC.
Really is that this this Consumer Financial Protection Bureau that big -- an issue.
Look -- a lot I know what senator Graham was trying to say but I think.
We -- to removed from the American lexicon now say -- Hitler Stalin are and what Paul Potts that it will be.
Entity is created by congress that provide for hearings and appeals this isn't it CF TV needs some work.
God is a little bit better our governor -- addition you can -- DR for for senator Graham Bob let me ask in all seriousness about the way this thing is coming together.
Because it sort of some people it's probably -- inside Washington are saying -- really cares but.
It is interesting to watch -- we talk all the time but dysfunctional Washington.
And then we see legislation I brought this up to senator Shelby who's on the show last week we see legislation's passed both houses of congress pass it.
Until -- the debate it's not about whether we're gonna appoint somebody.
Or who that or you know who that person it's about who that person is and the Republicans say this had nothing to do with that person is of the -- to kind of turn back the clock here it seems weird.
Well but that isn't unusual this isn't a new testament.
Even Barney Frank has the -- Dodd-Frank admitted that there is need for improvement massaging amendment if you will.
And I think for us recognizing the enormous power of this agency to have no oversight by congress for its budget.
They have no real oversight in terms of an appeal it takes a two thirds vote.
That this -- -- Chaired by the secretary of the treasury tourist one of their despite the consumer finance from the Fed.
I think all of those -- room for improvement worthy.
Every citizen whether -- on the consumer side or on the business side where marriage minded -- could result it can be reversed on appeal I think.
Exiting the battle within last week just curious to me that if -- that was the -- defeat the legislation but when you can't tedious process fight an old war that was all 41 by somebody else.
Well -- first time loyal to -- my wife of marriages in the united and -- divorce -- -- this -- inviolate.
-- democratic congress sergeant to make it better is certainly got cut -- let me together about the -- -- -- -- Question I don't know that the European -- -- there yeah obviously we have our own issues here brought up is one of them but civilly or no right now.
Well I mean -- the idea of having seventeen Brothers and sisters.
Now with one book and that's what is it the United States thank goodness for vantage stay -- nobody else's checkbook but.
In the US -- debt we have very little exposure to Europe.
-- 18% of our trades and there -- trade obviously -- us falters it will have a negative helping.
You know -- resolve yeah I guess that's all the.
