Skip to main content

Why are the billionaires always laughing?

Because they know the corporate media will never call bullshit on their bullshit.

Why are the billionaires laughing?

It’s easy to laugh when the corporate press treats you as a glorious success instead of the epitome of a broken social order. Billionaires laugh because they know the corporate media prefers to fawn over them rather than hold them to account.

Today, we ask you to support our nonprofit, independent journalism because we are not impressed by billionaires flying into space, their corporations despoiling our health and planet, or their vast fortunes safely concealed in tax havens across the globe. We are not laughing.

We are hard at work producing journalism for the common good. With our Fall Campaign underway, please support this mission today. We cannot do it without you.

Support Our Work -- Join the small group of generous readers who donate, keeping Common Dreams free for millions of people each year. Every donation—large or small—helps us bring you the news that matters.

For Immediate Release

Press Release

Supreme Court Puts CFPB Director Under Trump’s Thumb

Statements From Public Citizen Experts.
WASHINGTON -

Note: The U.S. Supreme Court today ruled that a statute protecting the director of the U.S. Consumer Financial Protection Bureau (CFPB) from being fired without cause by the president is unconstitutional. The court, however, rejected arguments that actions taken by the CFPB must be undone as a result. Instead, the court “severed” the tenure protection provision from other laws governing the agency and declared that it is unenforceable. Thus, the president now has the power to fire the CFPB’s director at will. Public Citizen, together with the Americans for Financial Reform Education Fund, Consumer Federation of America, Consumer Reports, the National Association of Consumer Advocates, Tzedek DC and the U.S. Public Interest Research Group Education Fund filed an amicus brief defending the agency.

“The Supreme Court today acted in disregard of decades of precedent establishing Congress’ power to protect agency officials from being fired without cause by the president. The court has tilted the constitutional balance of power by substantially limiting Congress’s authority to determine when and how to ensure that agency officials are free from undue political pressures. At a time when the president places his own interests above those of the public, officials who seek to carry out their duties with independence and integrity already have targets on their backs. The Supreme Court’s decision enables the president’s reckless assaults on the integrity of our public servants.”

– Scott Nelson, attorney, Public Citizen Litigation Group

“Today’s decision is wrong, but there are two silver linings. First, the court did not fall for the argument that the good work the CFPB has done so far must be undone because of Congress’ unsuccessful effort to protect its director’s independence. Second, and perhaps even more importantly, when we again have a president who cares about consumer protection, he or she can immediately fire any CFPB director who is dedicated to thwarting rather than fulfilling the agency’s mission of consumer protection.”

– Robert Weissman, president, Public Citizen

###

Public Citizen is a nonprofit consumer advocacy organization that champions the public interest in the halls of power. We defend democracy, resist corporate power and work to ensure that government works for the people – not for big corporations. Founded in 1971, we now have 500,000 members and supporters throughout the country.

'When We Organize, We Win': Ocasio-Cortez Joins India Walton at Rally in Buffalo

The two progressives joined striking hospital workers on the picket line at Mercy Hospital after the early voting rally.

Julia Conley ·


Fatal Film Set Shooting Followed Outcry by Union Crew Members Over Safety Protocols

"When union members walk off a set about safety concerns, maybe 'hiring scabs' isn’t the solution you think it is."

Julia Conley ·


New Whistleblower Sparks Calls to 'Crack Down on Facebook and All Big Tech Companies'

Hours after another ex-employee filed a formal complaint, reporting broke on internal documents that show the tech giant's failure to address concerns about content related to the 2020 U.S. election.

Jessica Corbett ·


'Catastrophic and Irreparable Harm' to Wolves Averted as Wisconsin Judge Cancels Hunt

"We are heartened by this rare instance of reason and democracy prevailing in state wolf policy," said one conservation expert.

Brett Wilkins ·


West Virginia Constituents Decry 'Immorality' of Joe Manchin

"West Virginia has been locked into an economy that forces workers into low-wage jobs with no hope for advancement, and after decades of this our hope is dwindling," said one West Virginian. "The cuts that Sen. Manchin has negotiated into the agenda hurt our state."

Julia Conley ·

Support our work.

We are independent, non-profit, advertising-free and 100% reader supported.

Subscribe to our newsletter.

Quality journalism. Progressive values.
Direct to your inbox.

Subscribe to our Newsletter.


Common Dreams, Inc. Founded 1997. Registered 501(c3) Non-Profit | Privacy Policy
Common Dreams Logo