WASHINGTON -- Sen. Lindsey Graham (R-S.C.) said on Sunday that an agency established to protect consumers from financial fraud "is something out of the Stalinist era."
Graham, speaking on NBC's "Meet The Press," was asked why Senate Republicans had filibustered President Obama's nominee to head the Consumer Financial Protection Bureau, which was created as part of 2010's Wall Street reform.
Graham spoke as if the bureau had yet to be created and debate was over how to shape it, rather than discussing the nominee, Richard Cordray, the former attorney general in Ohio.
"This consumer bureau that they want to propose is under the Federal Reserve, no appropriation oversight, no board. It is something out of the Stalinist era," Graham said.
Graham, speaking on NBC's "Meet The Press," was asked why Senate Republicans had filibustered President Obama's nominee to head the Consumer Financial Protection Bureau, which was created as part of 2010's Wall Street reform.
Graham spoke as if the bureau had yet to be created and debate was over how to shape it, rather than discussing the nominee, Richard Cordray, the former attorney general in Ohio.
"This consumer bureau that they want to propose is under the Federal Reserve, no appropriation oversight, no board. It is something out of the Stalinist era," Graham said.