The CFPB (just like the FHFA) BYPASSES THE ANNUAL CONGRESSIONAL APPROPRIATIONS PROCESS.
The United States Constitution (the bedrock foundation of our Democracy) disperses and allocates our 'dear leaders' powers amongst 3 branches of government, the Executive, Legislative, and Judicial (aka the Seperation of Powers).
A fundamental control of the Legislative Branch (i.e., the US Congress) over the Executive Branch (here FHFA) is the power of the US Congress to control the purse strings of these Federal Executive Branch federal agencies.
The CFPB bypass this by annually receiving it's funding (approximately $500,000,000/yr) from the Federal Reserve (which itself bypasses Congressional funding).
The FHFA receives it's approximately $500,000,000/yr in funding by extracting the funds overwhelmingly from the GSES balance sheets.
Who do you think is paying for all those lawyers defending the Plaintiff Shareholders multiple lawsuits?
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