The disastrous financial crisis of 2008, caused by carelessness, greed and a lack of respect for the American citizen, led to a terrible recession from which we are still struggling to recover. The Consumer Finance Protection Bureau was created to protect the American citizen and our economy from future such bad behavior.
By refusing to confirm Richard Cordray as the director of the bureau, U.S. Sen. Rob Portman and his fellow Republicans are attempting to cripple the bureau and prevent it from serving its protective functions.
Republicans refuse to confirm the highly qualified Cordray, they say, because they don’t like the law that created the federal agency. But Congress passed that law; it is in effect, and it should be respected. If Republicans don’t like it, they can jolly well come up with another bill that protects the American citizen better.
By refusing to follow current law, Republicans are reaffirming their reputation as champions of predatory financial wheelers and dealers who are not out to make an honest living by offering products and services that make this a better country in which to live and work, invest, raise a family, retire and send children to college so they can do the same. Rather, they champion those who are out to make a killing by fleecing the unsophisticated, unwary and unprotected.
Cordray should be confirmed, and the agency allowed to serve its much-needed protective functions.
Denise C. Woods
In faith and hope
More than 45,000 people committed to the vision set forth by Bishop Richard Lennon and other leaders in the Cleveland Catholic Diocese by contributing to the Rooted in Faith — Forward in Hope capital campaign.
A campaign that was projected to raise $125 million, instead raised over $170 million. The media fail to recognize that the local “sheep” see a hopeful future, led by their shepherd, with reinvigorated parishes, a commitment to faith and the expression of that faith through education and other charitable works.
The diocese educates more students than any other public or private school district in the state. Many of the students’ families pay little or no tuition. The diocese serves over 3.4 million meals to the poor each year, averaging over 9,000 meals per day. Every day, Catholic Charities Health and Human Services serve people, reaching 276,710 last year.
Cleveland’s baseball fans can put their hopes in Terry Francona. Maybe he will lead the Indians to a title. But the best of what Boston has to offer to Cleveland might be the firefighter’s son from Arlington, Mass.
Adam E. Carr
Charter schools and vouchers take money from public school districts. Almost $800 million in state funding went to charter schools last year. Why increase public funds to charter schools when most earned a failing grade last year? It only puts millions into the pockets of profiteers who run charter schools and helped elect John Kasich governor.
Kasich has slashed money from our neighborhood schools, forcing local tax hikes. Districts are asking voters this week and again in November for higher tax levies to maintain needed school programs. Even though the Ohio Supreme Court has declared the state’s school-funding system unconstitutional because it relies too heavily on local property taxes, the system remains in place.