Will the Showdown at the CFPB Corral End With a Whimper or a Bang?

Yesterday, I posted on the showdown between the Trump administration and #TheResistance over leadership of the out-of-control and unconstitutional Consumer Financial Protection Board (CFPB), a nanny agency designed to enable an unaccountable organization run by anti-business activists to bully the entire financial sector.

This crisis, of sorts, was created by Richard Cordray, the CFPB director, who wanted to hand-pick his own successor. He did this by resigning and appointing his chief of staff to the position of deputy director which, according to his reading of the law, allowed her to become director this morning. President Trump, instead of falling in line, announced he was appointing OMB director Mick Mulvaney as acting director. The Department of Justice concurred:

And today the general counsel for the CFPB has agreed with and enthusiastically endorsed the DOJ opinion.

The Cordray appointed deputy director, Elizabeth Warren clone Leandra English, has filed for an emergency restraining order to stay in power.

And the left is going batsh** crazy over what they see as their privately owned branch of government being brought under executive control.

(Note the cute anti-Catholic bigotry in that last tweet.)

But it looks like the administration will prevail on this.

https://twitter.com/katierogers/status/935125394767917056

Possession is nine-tenths of the law. Keep that in mind.

It is difficult to see how English prevails in a lawsuit where both Justice and her own agency has rejected her position. And when the dust settles, Senator Tom Cotton has the solution: