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Office of Management and Budget Director Mick Mulvaney. (Photo by Chip Somodevilla/Getty Images)

While serving in Congress, Mick Mulvaney called the Consumer Financial Protection Bureau (CFPB) a "sick sad joke" and drafted legislation to eliminate it. The financial crises during the Obama administration, brought about by Republican-led deregulation of Wall Street and banks during the Bush administration, prompted the creation of the consumer protection watchdog agency.

When President Donald Trump appointed Mulvaney to lead the CFPB, people were shocked. However appointing people who previously vowed to destroy an agency to head that agency has been a hallmark of the Trump administration.

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