Judge Amy Berman Jackson delightfully sticks it up Russell Vought's Project 2025 ***.

[Miles Archer]

A federal judge in Washington, D.C., delivered a sharp rebuke Tuesday to the Trump administration's plan to eliminate the Consumer Financial Protection Bureau, rejecting its reasons justifying cutting off the agency's funding.

Judge Amy Berman Jackson wrote that the agency can keep receiving funding from the Federal Reserve, even though the Fed has operated at a loss for three years, Politico reported.

The bureau draws money directly from the Fed at the director's discretion, a funding mechanism established when Congress created the agency. White House budget chief Russ Vought, who is also acting CFPB director, challenged this arrangement and attempted to halt the money flow.

Vought's legal team argued that tapping Fed funds violates the CFPB's original charter because the central bank operated at a loss.

https://www.rawstory.com/consumer-financial-protection-bureau-2674837970/

[bucolic_frolic]

1. Project 2025 was the original Lawfare IMHO

A conspiracy against the State.

[badhair77]

2. Love this thread title.

[CaliforniaPeggy]

3. I agree, my dear badhair77! It's great. ...n/t

[badhair77]

4. Retired teacher here.

When I see excellence in something or someone, I have to comment. The need to affirm a good job is in my blood. 😊

[CaliforniaPeggy]

5. That's a great thing to do! We all need encouragement from time to time.

It helps us grow and improve.

[Seinan Sensei]

6. Voight's is the face of Evil

[erronis]

11. One of the faces of White Christian (not) Male Nationalism.

Which really just means grabbing as much power and money as possible and to hell with the country/world.

[spanone]

7. K&R

[orangecrush]

8. Kick

[JohnnyRingo]

9. ....and the Jenga Tower sways precariously with another piece removed

We're seeing more and more rodents jumping in sardine cans and rowing away from the coming shipwreck.

[erronis]

12. Love the mental imagery. And when the huuuge ship goes down, they'll say "I wasn't there!"

[Volaris]

13. Yeah, but this time we know we can call them on their bullshit,

because the reason the ship sank is the same rodents who jumped ship, chewed through all the wires that kept it from hitting the iceberg.

As if P2025 could have EVER come out of a democratic think tank...this was Heritage Foundation all the way down.

[Bluetus]

10. It is all funny money

The Fed creates money by Fiat. The idea of the Fed "operating at a loss" is nonsense. They literally can create as much money as they wish.

[Volaris]

14. That is one of the beauties of Fiat Currency (when its done correctly).

I don't trust these idiots to microwave water without burning down 3 city blocks.

[Bluetus]

15. There is an inherent conflict of interest that cannot be overcome, IMHO

The people who can create money by fiat, can essentially put that fiat money into the accounts of their fellow banksters. It is literally free money that they can then use to lend and charge interest on. The same people making decisions about the money supply are profiting from those decisions.

[Volaris]

16. To an extent yes, i agree with you.

[Bluetus]

17. Every solution has its hazards

If the money supply were controlled by a government bureaucracy, they would likely be too slow to react to changes in the economic situation.

And then if a criminal like Trump came into power, he could simply just start putting money into his own accounts. He is doing that anyway, but at least not by having the fiat currency handed to him.

So there is an argument for the independence of the Fed. But that argument fails without transparency and accountability. This is why people like Ron Paul and Bernie Sanders have been right on the money (so to speak) when they demand the Fed must operate transparently, including passing regular public audits.

This ought to be the minimum requirement for having an independent organization control the money. But as I have mentioned above, the Fed no longer controls the money supply in a meaningful way. The cryptocurrencies are, de facto, part of our money supply. And the insane bubble stocks are behaving, more than any time in our history, like currency. The mag-7 stocks have $23 TRILLION of stock in circulation, compared to only $2.4 trillion of US currency in circulation.