The Oscars and the CFPB

Can they be mentioned in the same story?  Yes.  From the Salem (OR) News:

Tonight’s Best Documentary win for “Inside Job” serves as a reminder of the critical importance of financial reform even as implementation of reform is under attack by congressional Republicans seeking to cut off funding, policy experts at The Greenlining Institute said tonight.

Greenlining co-founder Robert Gnaizda is prominently featured in the documentary as one of the few whistle-blowers who saw the subprime meltdown coming and tried to sound a warning.

“The film shows how deregulation produced a massive housing bubble built on speculation, inflated appraisals, bogus bond ratings and outright fraud, and it ought to be required viewing for members of Congress,” said Chris Vaeth, The Greenlining Institute’s Washington, D.C.-based legislative director.

“It’s ironic that even as ‘Inside Job’ is being honored, some in Congress are working to squelch the very regulations that could stop the next meltdown by blocking the funding needed to implement them.”

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