SCOTUS decision ruling CFPB structure unconstitutional subtitles

SUSAN: NICE POSITION TO BE IN.STUART: WELL SAID.THANK YOU.EARLIER WE HAD THE BREAKING NEWSFROM THE SUPREME COURT.THE CONSUMER FINANCIALPROTECTION BUREAU HAS BEENDECLARED UNCONSTITUTIONAL.I WANT TO BRING THE JUDGE INTOTHIS.LOOK, AM I RIGHT IN SAYING YOUTHINK THIS JUDGMENT FROM THESUPREMES MIGHT MEAN THAT THEPRESIDENT HAS THE RIGHT TO --AND THE POWER TO FIRE THECHAIRMAN OF THE FEDERAL RESERVE?THAT THE WAY YOU SEE IT?>> WELL, YES AND IF I MIGHTMODIFY SLIGHTLY WHAT YOU JUSTSAID, INTRODUCING THIS SEGMENT,THE CONSUMER PRODUCTS PROTECTIONBUREAU HAS NOT BEEN DECLAREDUNCONSTITUTIONAL.IT HAS BEEN DETERMINED THAT THESTATUTE, THE PORTION OF THESTATUTE THAT INSULATES THEDIRECTOR OF THE BUREAU FROMBEING FIRED FOR ANY REASON BUTCAUSE IS UNCONSTITUTIONAL.SO THE AGENCY REMAINS.PRESIDENT TRUMP CAN FIRE THEHEAD OF THE AGENCY, PRESIDENTBLANK, WHOEVER SUCCEEDSPRESIDENT TRUMP, CAN FIREWHOEVER’S IN THERE.SO IN A VERY VERY INTERESTINGDECISION, THE SUPREME COURT SAIDWE CAN’T HAVE SOMETHING IN THEGOVERNMENT THAT IS ALIEN TO THECONSTITUTION AND IF WE CREATE ANINDEPENDENT AGENCY AND THEPRESIDENT OF THE UNITED STATES,WHO IS SOLELY THE EXECUTIVEBRANCH, CAN’T INFLUENCE IT, THATMAKES THAT THING ALIEN TO THECONSTITUTION.WOW.TAKE THAT LANGUAGE AND APPLY ITTO THE FEDERAL RESERVE OR THEPOST OFFICE OR ANY INDEPENDENTAGENCY, AND THE PRESIDENT CANFIRE JUST ABOUT ANYBODY HE WANTSAND PUT SOMEBODY IN THERE WHOAGREES WITH HIM.STUART: WHAT’S WRONG WITH THAT?>> NOTHING.NOTHING.NOT ONLY IS THERE NOTHING WRONGWITH IT, BUT IF YOU READ THE CONCONCURRENTS BY JUSTICES THOMASAND GORSUCH, THEY ARE SUGGESTINGTHESE INDEPENDENT AGENCIESSHOULDN’T BE INDEPENDENT.NOTHING IN THE GOVERNMENT SHOULDBE INDEPENDENT.EVERYTHING IN THE EXECUTIVEBRANCH SHOULD BE SUBJECT TO THEPRESIDENT.THAT’S THE DIRECTION THAT THISCOURT MIGHT BE GOING IN.STUART: THAT WOULD BE QUITE ACHANGE, WOULDN’T IT, IF THEYACTUALLY WENT THAT FAR.THAT WOULD BE REALLY SOMETHING.THAT’S A REVOLUTION.>> WELL, IT WOULD.REMEMBER, THIS ALL STARTED WITHTHE ENVIRONMENTAL PROTECTIONAGENCY IMPOSING DRACONIANREGULATIONS BACK IN THE OBAMAYEARS AND THE SUPREME COURTINVALIDATED THEM AND OUR FRIENDSON THE OTHER SIDE OF THEPOLITICAL AISLE YELLED ANDSCREAMED AND YELLED ANDSCREAMED, YOU CAN’T TRUST THEENVIRONMENT TO POLITICIANS.WE TRUST THE ENTIRE GOVERNMENTTO POLITICIANS.THE CONSTITUTION ENTRUSTS THEGOVERNMENT TO POLITICIANS.STUART: YOU ALWAYS GET FIRED UPWITH THE CONSTITUTION.YOU’RE ALWAYS GOOD AT THAT.BACK TO THE FARM, JUDGE.

SCOTUS decision ruling CFPB structure unconstitutional

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<text sub="clublinks" start="0.792" dur="1.955">SUSAN: NICE POSITION TO BE IN.</text>
<text sub="clublinks" start="2.748" dur="0.908">STUART: WELL SAID.</text>
<text sub="clublinks" start="3.69" dur="0.572">THANK YOU.</text>
<text sub="clublinks" start="4.263" dur="1.582">EARLIER WE HAD THE BREAKING NEWS</text>
<text sub="clublinks" start="5.846" dur="2.106">FROM THE SUPREME COURT.</text>
<text sub="clublinks" start="7.986" dur="1.194">THE CONSUMER FINANCIAL</text>
<text sub="clublinks" start="9.181" dur="1.17">PROTECTION BUREAU HAS BEEN</text>
<text sub="clublinks" start="10.352" dur="1.561">DECLARED UNCONSTITUTIONAL.</text>
<text sub="clublinks" start="11.914" dur="3.486">I WANT TO BRING THE JUDGE INTO</text>
<text sub="clublinks" start="15.401" dur="0.48">THIS.</text>
<text sub="clublinks" start="15.916" dur="3.015">LOOK, AM I RIGHT IN SAYING YOU</text>
<text sub="clublinks" start="18.965" dur="1.537">THINK THIS JUDGMENT FROM THE</text>
<text sub="clublinks" start="20.536" dur="1.187">SUPREMES MIGHT MEAN THAT THE</text>
<text sub="clublinks" start="21.757" dur="1.934">PRESIDENT HAS THE RIGHT TO --</text>
<text sub="clublinks" start="23.692" dur="1.684">AND THE POWER TO FIRE THE</text>
<text sub="clublinks" start="25.41" dur="2.875">CHAIRMAN OF THE FEDERAL RESERVE?</text>
<text sub="clublinks" start="28.319" dur="2.248">THAT THE WAY YOU SEE IT?</text>
<text sub="clublinks" start="30.602" dur="2.445">>> WELL, YES AND IF I MIGHT</text>
<text sub="clublinks" start="33.082" dur="2.014">MODIFY SLIGHTLY WHAT YOU JUST</text>
<text sub="clublinks" start="35.097" dur="1.938">SAID, INTRODUCING THIS SEGMENT,</text>
<text sub="clublinks" start="37.036" dur="2.136">THE CONSUMER PRODUCTS PROTECTION</text>
<text sub="clublinks" start="39.173" dur="2.12">BUREAU HAS NOT BEEN DECLARED</text>
<text sub="clublinks" start="41.327" dur="0.412">UNCONSTITUTIONAL.</text>
<text sub="clublinks" start="41.773" dur="2.474">IT HAS BEEN DETERMINED THAT THE</text>
<text sub="clublinks" start="44.248" dur="2.261">STATUTE, THE PORTION OF THE</text>
<text sub="clublinks" start="46.51" dur="1.48">STATUTE THAT INSULATES THE</text>
<text sub="clublinks" start="47.991" dur="1.641">DIRECTOR OF THE BUREAU FROM</text>
<text sub="clublinks" start="49.633" dur="3.824">BEING FIRED FOR ANY REASON BUT</text>
<text sub="clublinks" start="53.491" dur="1.265">CAUSE IS UNCONSTITUTIONAL.</text>
<text sub="clublinks" start="54.757" dur="2.565">SO THE AGENCY REMAINS.</text>
<text sub="clublinks" start="57.323" dur="2.091">PRESIDENT TRUMP CAN FIRE THE</text>
<text sub="clublinks" start="59.449" dur="1.445">HEAD OF THE AGENCY, PRESIDENT</text>
<text sub="clublinks" start="60.895" dur="0.66">BLANK, WHOEVER SUCCEEDS</text>
<text sub="clublinks" start="61.556" dur="1.848">PRESIDENT TRUMP, CAN FIRE</text>
<text sub="clublinks" start="63.405" dur="1.497">WHOEVER’S IN THERE.</text>
<text sub="clublinks" start="64.903" dur="2.342">SO IN A VERY VERY INTERESTING</text>
<text sub="clublinks" start="67.28" dur="2.21">DECISION, THE SUPREME COURT SAID</text>
<text sub="clublinks" start="69.492" dur="3.165">WE CAN’T HAVE SOMETHING IN THE</text>
<text sub="clublinks" start="72.659" dur="2.9">GOVERNMENT THAT IS ALIEN TO THE</text>
<text sub="clublinks" start="75.594" dur="1.755">CONSTITUTION AND IF WE CREATE AN</text>
<text sub="clublinks" start="77.383" dur="1.626">INDEPENDENT AGENCY AND THE</text>
<text sub="clublinks" start="79.01" dur="2.404">PRESIDENT OF THE UNITED STATES,</text>
<text sub="clublinks" start="81.448" dur="2.002">WHO IS SOLELY THE EXECUTIVE</text>
<text sub="clublinks" start="83.451" dur="1.989">BRANCH, CAN’T INFLUENCE IT, THAT</text>
<text sub="clublinks" start="85.474" dur="1.487">MAKES THAT THING ALIEN TO THE</text>
<text sub="clublinks" start="86.995" dur="0.751">CONSTITUTION.</text>
<text sub="clublinks" start="87.747" dur="0.418">WOW.</text>
<text sub="clublinks" start="88.166" dur="2.25">TAKE THAT LANGUAGE AND APPLY IT</text>
<text sub="clublinks" start="90.451" dur="2.538">TO THE FEDERAL RESERVE OR THE</text>
<text sub="clublinks" start="92.99" dur="2.315">POST OFFICE OR ANY INDEPENDENT</text>
<text sub="clublinks" start="95.306" dur="2.35">AGENCY, AND THE PRESIDENT CAN</text>
<text sub="clublinks" start="97.657" dur="1.428">FIRE JUST ABOUT ANYBODY HE WANTS</text>
<text sub="clublinks" start="99.12" dur="1.691">AND PUT SOMEBODY IN THERE WHO</text>
<text sub="clublinks" start="100.813" dur="2.869">AGREES WITH HIM.</text>
<text sub="clublinks" start="103.683" dur="3.298">STUART: WHAT’S WRONG WITH THAT?</text>
<text sub="clublinks" start="106.983" dur="0.793">>> NOTHING.</text>
<text sub="clublinks" start="107.778" dur="0.323">NOTHING.</text>
<text sub="clublinks" start="108.102" dur="4.368">NOT ONLY IS THERE NOTHING WRONG</text>
<text sub="clublinks" start="112.471" dur="3.444">WITH IT, BUT IF YOU READ THE CON</text>
<text sub="clublinks" start="115.949" dur="1.671">CONCURRENTS BY JUSTICES THOMAS</text>
<text sub="clublinks" start="117.621" dur="1.358">AND GORSUCH, THEY ARE SUGGESTING</text>
<text sub="clublinks" start="118.98" dur="0.76">THESE INDEPENDENT AGENCIES</text>
<text sub="clublinks" start="119.774" dur="0.811">SHOULDN’T BE INDEPENDENT.</text>
<text sub="clublinks" start="120.619" dur="1.247">NOTHING IN THE GOVERNMENT SHOULD</text>
<text sub="clublinks" start="121.901" dur="0.877">BE INDEPENDENT.</text>
<text sub="clublinks" start="122.78" dur="2.217">EVERYTHING IN THE EXECUTIVE</text>
<text sub="clublinks" start="124.998" dur="1.84">BRANCH SHOULD BE SUBJECT TO THE</text>
<text sub="clublinks" start="126.872" dur="0.297">PRESIDENT.</text>
<text sub="clublinks" start="127.17" dur="1.128">THAT’S THE DIRECTION THAT THIS</text>
<text sub="clublinks" start="128.332" dur="1.332">COURT MIGHT BE GOING IN.</text>
<text sub="clublinks" start="129.666" dur="1.505">STUART: THAT WOULD BE QUITE A</text>
<text sub="clublinks" start="131.173" dur="1.019">CHANGE, WOULDN’T IT, IF THEY</text>
<text sub="clublinks" start="132.193" dur="0.668">ACTUALLY WENT THAT FAR.</text>
<text sub="clublinks" start="132.896" dur="1.766">THAT WOULD BE REALLY SOMETHING.</text>
<text sub="clublinks" start="134.663" dur="1.044">THAT’S A REVOLUTION.</text>
<text sub="clublinks" start="135.708" dur="1.927">>> WELL, IT WOULD.</text>
<text sub="clublinks" start="137.669" dur="2.723">REMEMBER, THIS ALL STARTED WITH</text>
<text sub="clublinks" start="140.393" dur="1.934">THE ENVIRONMENTAL PROTECTION</text>
<text sub="clublinks" start="142.361" dur="1.231">AGENCY IMPOSING DRACONIAN</text>
<text sub="clublinks" start="143.626" dur="2.648">REGULATIONS BACK IN THE OBAMA</text>
<text sub="clublinks" start="146.308" dur="1.527">YEARS AND THE SUPREME COURT</text>
<text sub="clublinks" start="147.836" dur="1.134">INVALIDATED THEM AND OUR FRIENDS</text>
<text sub="clublinks" start="149.004" dur="1.502">ON THE OTHER SIDE OF THE</text>
<text sub="clublinks" start="150.541" dur="0.886">POLITICAL AISLE YELLED AND</text>
<text sub="clublinks" start="151.46" dur="1.494">SCREAMED AND YELLED AND</text>
<text sub="clublinks" start="152.955" dur="1.718">SCREAMED, YOU CAN’T TRUST THE</text>
<text sub="clublinks" start="154.675" dur="1.226">ENVIRONMENT TO POLITICIANS.</text>
<text sub="clublinks" start="155.902" dur="1.764">WE TRUST THE ENTIRE GOVERNMENT</text>
<text sub="clublinks" start="157.7" dur="0.763">TO POLITICIANS.</text>
<text sub="clublinks" start="158.497" dur="1.671">THE CONSTITUTION ENTRUSTS THE</text>
<text sub="clublinks" start="160.169" dur="1.313">GOVERNMENT TO POLITICIANS.</text>
<text sub="clublinks" start="161.517" dur="1.497">STUART: YOU ALWAYS GET FIRED UP</text>
<text sub="clublinks" start="163.049" dur="1.573">WITH THE CONSTITUTION.</text>
<text sub="clublinks" start="164.623" dur="2.931">YOU’RE ALWAYS GOOD AT THAT.</text>
<text sub="clublinks" start="167.588" dur="0.381">BACK TO THE FARM, JUDGE.</text>