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Mark Calabria Profile
Mark Calabria

@MarkCalabria

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Following
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Mostly #scuba #cats #econ #finance #housing #JamBands fan feed. Notifications off. Author “Shelter from the Storm: How A COVID Mortgage Meltdown Was Averted”

Washington, DC
Joined October 2011
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@MarkCalabria
Mark Calabria
5 years
When life gives you lemons...
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@MarkCalabria
Mark Calabria
8 hours
RT @TrumpDailyPosts: For far too long the United States has minted pennies which literally cost us more than 2 cents. This is so wasteful!…
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@MarkCalabria
Mark Calabria
10 hours
RT @JoshuaSteinman: So odd that the DC blob is perfectly content to send 18 year olds to die in foreign lands, but give a 22 year old super…
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@MarkCalabria
Mark Calabria
10 hours
@JoshRosner Yes whole deal basically screwed borrowers and investors
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@MarkCalabria
Mark Calabria
15 hours
@MKTWgoldstein My point is that we are at this point due to the unwillingness to create a balanced, accountable CFPB
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@MarkCalabria
Mark Calabria
15 hours
@MKTWgoldstein Police departments have lost lawsuits too, so all fine there is the point?
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@MarkCalabria
Mark Calabria
16 hours
Vast majority of GOP would be perfectly fine with CFPB just going after bad actors, it’s all the social engineering, attempts at cross-subsidies & lack of due process that are the fundamental problems
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@MarkCalabria
Mark Calabria
16 hours
If CFPB was the price to pay for the bank bailouts, how about we just don’t do bank bailouts? #WinWin
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@MarkCalabria
Mark Calabria
16 hours
Kittens & puppies have much higher chance of adoption, most impact you can make is on senior cats and dogs #SeniorSunday
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@MarkCalabria
Mark Calabria
16 hours
Shouldn’t the public be able to know how much of CFPB settlements go to the lawyers & third party groups, & how much actually goes to victims? #AuditCFPB
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@MarkCalabria
Mark Calabria
17 hours
Mortgages were center of the 2008 financial crisis, Fannie/Freddie were at center of 2008 crisis, yet former Fannie/Freddie executives working at CFPB, for almost a decade, illegally exempted Fannie/Freddie loans from Dodd-Frank mortgage rules - sounds fairly corrupt to me
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@MarkCalabria
Mark Calabria
17 hours
My non-lawyer read of financial regulation history is that a lot of nonbank CFPB regulation raises Commerce Clause issues
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@MarkCalabria
Mark Calabria
17 hours
As my good friend @CatoEdwards pointed out years ago, there used to be loud voices on the left against govt waste - where are today’s Bill Proxmire and Paul Douglas?
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@MarkCalabria
Mark Calabria
18 hours
There were around 7,600 banks when Dodd-Frank was passed, now there are around 4,500, Dodd-Frank & the CFPB have crushed community banks and driven more and more banking into the MegaBanks
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@MarkCalabria
Mark Calabria
18 hours
RT @russvought: The CFPB has been a woke & weaponized agency against disfavored industries and individuals for a long time. This must end.…
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@MarkCalabria
Mark Calabria
18 hours
Reminder that the original Liz Warren written CFPB bill, introduced by Durbin-Kennedy-Sanders was a bipartisan commission funded within the Congressional appropriations process
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@MarkCalabria
Mark Calabria
18 hours
Wrote this back in 2011, again relevant -> Ditch the Double Standard for New Consumer Agency via @CatoInstitute
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@MarkCalabria
Mark Calabria
18 hours
Reminder that the CFPB is NOT a Wall Street regulator (such remains with SEC/CFTC), it is a Main Street regulator
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@MarkCalabria
Mark Calabria
20 hours
Wrote this a decade ago, feels as relevant as ever -> If Anyone Needs an Audit, It’s the Federal Reserve | Cato Institute
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