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GOP supports corporate thievery 

LowDown

I thought Donnie Trump and his fellow Republicans were big law 'n' order politicians. So, why are they trying to kill the sheriff and unleash thousands of robbers to run wild across America?

The sheriff they want to kill is the Consumer Financial Protection Bureau. The thieves they're out to help are corporate debt collectors who pay pennies on the dollar to buy huge databases of overdue bills — then hound the borrowers to pay up. They profit from weak regulations that let them bully, harass, rob and run roughshod over tens of thousands of consumers every year — including people who've already paid off their debt or never even incurred it.

Every year, the debt collection firms routinely abuse the law and overload our courts by rotely filing hundreds of thousands of lawsuits against debtors. Masses of these suits are backed by only flimsy, out-of-date, erroneous, forged or non-existent evidence. Collectors don't care about the evidence, however, for their intent is not to win in court, but to frighten or bamboozle borrowers into paying.

The Consumer Financial Protection Bureau recently sided with the victims of this corporate thievery, proposing new rules to stop the abuse. The Trumpist Republicans have responded with outrage — not at the corporate outlaws, but at the sheriff! Their GOP's 2016 party platform advocates abolishing the consumer bureau, calling it a "rogue agency" for daring to stand up to the real rogues that're openly robbing workaday Americans.

Why are the GOP so shamefully soft on crime? Because it is not just small-fry debt collectors involved in this outlandish shakedown of innocent borrowers, but such Wall Street powerhouses as JPMorgan Chase and Citibank — which are also generous political donors to Republican candidates.

To help push both the party and the issue forward, go to nationalnursesunited.org. While you're at it, you can throw your support behind Take On Wall Street, a coalition whose structural reforms include:

• Getting the corrupting cash of corporations and the superrich out of our politics by repealing Citizens United.

• Stopping "too big to fail" banks from subsidizing their high-risk speculative gambling with the deposits of us ordinary customers.

• Instituting a tiny "Robin Hood Tax" on Wall Street speculators to discourage their computerized gaming of the system.

• Restoring low-cost, convenient "postal banking" in our post offices to serve millions of Americans who're now at the mercy of predatory payday lenders and check-cashing chains.

Learn more about their work at TakeOnWallStreet.org.

You can contact Hightower at jimhightower.com.

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