Generally, I like the guy, but this is crap.<\/p>\n
In addition to excising the requirement that banks offer “plain vanilla” mortgages and credit cards<\/a>, you know, products which the consumer can actually understand enough to comparison shop for<\/span>, the bill removes, “securities, commodities, investment and general insurance products<\/span>; accountants and tax preparers<\/span>; real estate brokers<\/span> and agents; lawyers; auto dealers; communications providers; and providers of retirement and pension plans,” from the scope of the proposed consumer protection agency.<\/p>\n Great googly moogly! When you look at industries that confuse and abuse consumers as their primary means of profit, you have most of them in between the quotation marks.<\/p>\n And if you want a couple more, how about,”retailers who have credit or layaway plans and auto dealers who offer loans to buy vehicles<\/a>,” because used car dealers<\/span> and “Rent-A-Center” have done so well in doing right by the consumer.<\/p>\n