Mulvaney's Advice to Bankers: Up Campaign Donations to Diminish Consumer Watchdog

Mick Mulvaney the Acting Director of the Consumer Financial Protection Bureau says he's not trying to destroy the bureau which he once pushed to abolish and now leads

Mulvaney received almost $63,000 from payday lenders for his congressional campaigns.

On Tuesday, in remarks delivered at conference in Washington before an audience of some 1,300-that's one thousand three hundred-banking industry types, Consumer Financial Protection Bureau director Mick Mulvaney said the quiet part loud.

Mulvaney, a former GOP congressman from SC, said Tuesday that he would only meet with lobbyists who had donated to his political campaigns but valued the opinions of his constituents over hired guns. On Tuesday, he admitted that, as a Congressman, he only met with lobbyists who gave him money - almost 90% of which come from banks and other businesses.

Eisen said the White House official should be investigated for possibly engaging in a quid pro quo, in which individuals or groups donated to his campaign in exchange for specific actions he took in his capacity as a lawmaker.

"We had a hierarchy in my office in Congress", said the former Republican lawmaker from SC.

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Well, how utterly noble of him to talk to the people he represented without asking them to pay up first. This was in reaction to comments made by Mulvaney at a recent industry event, where he alluded to meeting with lobbyists if they contributed to his campaign.

Of course, most people would actually say this is the exact opposite of democracy, with elected politicians not voting on issues based on the people who put them in power want but rather by whichever lobbyists gave them the most money.

"The evidence stinks to high heaven, but it's very hard to prove", Painter said of Mulvaney's case, adding that Mulvaney's admission makes him "morally unfit for public office".

Credit where credit is due, Mulvaney's startling admission is an example of honesty that is all too rare in Washington.

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