The world has been abuzz with news of the high and mighty taking defiant, tone-deaf stances to their own detriment, as well as that of the public. The scandal engulfing the Murdoch media empire may be the sexier story, but the woeful tale of the banking industry and Republicans joining forces to thwart new consumer protection efforts will do more to anger the man on the street in the long run.

To say banks and Republicans in Congress have not done themselves any favors with their handling of the new Consumer Financial Protection Bureau is an understatement.

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