Wendy Sherman: “I hearken back to the Grand Old Party that gave us Teddy Roosevelt and reflect on how far that party has fallen in the…”

“I hearken back to the Grand Old Party that gave us Teddy Roosevelt and reflect on how far that party has fallen in the area of consumer protection, to the point where we now have the most anticonsumer administration in the history of this country, an administration so dedicated to stripping away all protections for consumers, so dedicated to unbridled corporate power, that they would trample on other values they claim to hold dear, all in an effort to expose consumers to some of the worst practices in the home mortgage market. The Grand Old Party claims to care about States' rights, and then they use the power of renegade regulators to strip away all State authority to protect consumers in home mortgage lending situations, when our land law and our mortgage law has traditionally been a matter of State jurisdiction. They claim to care about democracy, but instead of this major decision being made by the elected representatives of the people, it is made in the bowels of the bureaucracy.”