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424 - When Did the Federal Reserve become the National Treasury?

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Manage episode 421784065 series 3070461
Content provided by Paul Engel and Paul Engel: Author. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Paul Engel and Paul Engel: Author or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Article I, Section 9, Clause 7 of the Constitution states “No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law;” That seems pretty straight forward. So how could Congress establish a government agency funded not by appropriations from the treasury, but by fees paid to another federal entity? This was the question brought to the Supreme Court in the case CFPB v. Community Financial Services Assn. of America. Sadly, it seems that the Supreme Court once again showed they have a hard time reading and understanding the English language.

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106 episodes

Artwork
iconShare
 
Manage episode 421784065 series 3070461
Content provided by Paul Engel and Paul Engel: Author. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Paul Engel and Paul Engel: Author or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Article I, Section 9, Clause 7 of the Constitution states “No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law;” That seems pretty straight forward. So how could Congress establish a government agency funded not by appropriations from the treasury, but by fees paid to another federal entity? This was the question brought to the Supreme Court in the case CFPB v. Community Financial Services Assn. of America. Sadly, it seems that the Supreme Court once again showed they have a hard time reading and understanding the English language.

  continue reading

106 episodes

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