A President has the power of appointment over agencies like the Consumer Fraud Protection Bureau. That’s why when Democrats tried to perform a coup and hold onto power there, it seemed rather odd.
But perhaps it’s not so strange if they’re trying to cover up things or keep their pay-for-play in motion.
Check out this article from 2014. They were paying $22.3. million for two years for ‘temporary space’ for the bureau at a building owned by a big Democratic donor/Obama bundler. And we also paid millions extra, triple the amount estimated for ‘renovations’ to the building.
What else might a new director discover?
Consumer Financial Protection Bureau officials will pay $22.3 million to lease temporary offices in addition to the record-breaking $145 million being spent to renovate the agency’s headquarters, according to documents obtained by the Washington Examiner.
The temporary offices to be occupied by CFPB for the next two years are being leased in a building owned by Neil G. Bluhm, a longtime friend and campaign bundler for President Obama.
Bluhm made headlines in 2010 when he hosted Obama’s 49th birthday party at his Chicago home. Admission was $30,000 per person, with the proceeds going to the Democratic National Committee.
Controversy has dogged the CFPB for more than a year for nearly tripling the initial $55 million cost estimate for renovations to the building that will serve as the bureau’s permanent headquarters. The building is across the street from the White House, at 1700 G St. NW in Washington.
But it wasn’t just that. The estimated amount of renovations went from $55 million to $215 million dollars, more than the actual worth of the building which we don’t even own, which we are still only renting. And when the IG demanded answers there’s no support for the figure. IG says there’s no sound basis for it. Talk about something that needs an investigation!
Renovation costs for the Consumer Financial Protection Bureau’s Washington headquarters continue to spiral upwards, now pegged at $215.8 million, according to the inspector general of the Federal Reserve Board of Governors.
The scathing report authored by IG Mark Bialek said there is no “sound basis” to support the controversial renovation. Unlike Congress, the Fed’s IG can review CFPB programs and spending.
“The approval of funding for the renovation was not in accordance with the CFPB’s current policies for major investments,” and as a result, “a sound business case is not available to support the funding of the renovation,” he said.