The Hightower Report: When Is Daylight Robbery Not a Crime?

Grifters, all of them

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 data bases 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 Masses of these suits are backed by only flimsy, out-of-date, erroneous, forged, or nonexistent evidence. Collectors don't care about 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! The 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 are openly robbing workaday Americans.

Why is 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.

Daylight robbery is a crime ... or not. Depends on who is robbing whom.

For more information on Jim Hightower's work – and to subscribe to his award-winning monthly newsletter, The Hightower Lowdown – visit www.jimhightower.com. You can hear his radio commentaries on KOOP Radio, 91.7FM, weekdays at 10:58am and 12:58pm.

A note to readers: Bold and uncensored, The Austin Chronicle has been Austin’s independent news source for almost 40 years, expressing the community’s political and environmental concerns and supporting its active cultural scene. Now more than ever, we need your support to continue supplying Austin with independent, free press. If real news is important to you, please consider making a donation of $5, $10 or whatever you can afford, to help keep our journalism on stands.

Support the Chronicle  

READ MORE
More Donald Trump
Point Austin: This Week in Trumpism
Point Austin: This Week in Trumpism
The accelerating reactionary assault on truth, humanity, and community

Michael King, Dec. 1, 2017

Trump Budget Wants Congress to Rewrite Federal Immigration Law
Trump Budget Wants Congress to Rewrite Federal Immigration Law
But that budget? DOA. (We hope.)

Michael King, June 2, 2017

More The Hightower Report
The Hightower Report
The Hightower Report
The Donald Show

Jim Hightower, July 10, 2015

The Hightower Report
The Hightower Report
The damning nuttiness of the GOP's "Hell No" faction

Jim Hightower, Aug. 15, 2014

KEYWORDS FOR THIS STORY

Donald Trump

MORE IN THE ARCHIVES
NEWSLETTERS
One click gets you all the newsletters listed below

Breaking news, arts coverage, and daily events

Can't keep up with happenings around town? We can help.

Austin's queerest news and events

Updates for SXSW 2019

All questions answered (satisfaction not guaranteed)

Time to vote! Best of Austin 2019 balloting is underway   VOTE NOW