CFPB Shutdown & Foreign Aid Scandals

CFPB Shutdown and Elizabeth Warren's Reaction

The discussion begins with the shutdown of the Consumer Financial Protection Bureau (CFPB) on February 10th. Leo and Eddie explain how Elizabeth Warren, who created the agency in 2010, was upset about its closure. They detail how the CFPB operated with unlimited funding from the Federal Reserve ($700 million reserve) and minimal oversight, implementing regulations that particularly hurt small businesses and credit unions. Russell Vought, appointed by Trump, implemented the shutdown and stopped new funding requests.

Foreign Aid Fraud

The conversation shifts to a major contractor involved in foreign aid fraud. The company received over $17 billion in taxpayer money but only delivered 7% of promised services. They were fined $3.1 million for fraudulent billing schemes with their subcontractor.

Current Events and Breaking News

The final segment covers various current events, including Trump's presidency achievements in the first three weeks, the confirmation of COVID-19 as a lab leak by the new press secretary, and breaking news about Cincinnati Children's Hospital denying a heart transplant to JD Vance's 12-year-old relative due to COVID-19 vaccination status. Michael joins the discussion to express concerns about the lack of criminal prosecutions for COVID-19 related decisions and FBI informants compromising ICE operations.

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