HOW ROGUE GOVERNMENT AGENCIES OVERREACH
May 17, 2018 | By Printus LeBlanc
Pray that all government agencies will act responsibly concerning public transactions and that any corruption will be exposed and corrected.
“If you see the extortion of the poor, or the perversion of justice and fairness in the government, do not be astonished by the matter. For the high official is watched by a higher official, and there are higher ones over them! (Eccl 5:8)
Why do many Americans shake their heads in disbelief when asked about the efficiency or the accountability of our federal government? Sadly, it’s because there are so many examples of how federal government agencies or tax-funded government projects work directly against the American people.
The biggest example of government “consumer protection” gone bad is the agenda-driven, Consumer Financial Protection Bureau (CFPB) which operated for years as a rogue, unaccountable agency. CFPB was set up as a partisan arm of the Obama administration and shamelessly operated a “civil penalty” slush fund that sent millions to various liberal groups and to a firm that ran ads in support of Barack Obama and Hillary Clinton presidential campaigns.
Reports in late 2017 revealed how the Democratic advertising firm GMMB, which ran ads touting Obama and Clinton campaigns, received tens of millions from the Consumer Financial Protection Bureau….
The Government National Mortgage Association (Ginnie Mae) is in dire need of real leadership and the president needs to put forth the name of an experienced administrator who can address ongoing issues such as a lack of data security, no sound management structure or accountability and a lack of ability to produce sound financial audits of its activities….
Why is Ginnie Mae punishing VA lenders? Because the Government National Mortgage Association takes its cues from China and other foreign investors who don’t value veteran loans in the Ginnie Mae portfolio. Veteran loans usually get paid off quickly, due to the transient nature of the veteran community, so veteran loans in Ginnie Mae’s portfolio are less attractive to Chinese investors. Ginnie Mae’s executive VP, Michael Bright, is apparently more concerned about comforting Chinese investors than he is about backing loans for our veterans….
It’s no wonder the American people are calling for government reform on so many levels. Faceless bureaucrats who run rogue, tax-funded agencies, boards or associations need to be called out and forced to properly serve the people who pay their salaries or get booted from public service. (Excerpts from Printus LeBlanc article in The Washington Times)