Thanks to CAGW - Citizens Against Government Waste, for reporting this. I recommend you subscribe to their notices at www.CAGW.org I have asked Lake County's Congressman Daniel Webster to investigate this situation or request a GAO investigation. Vance Porker of the Month: CFPB Director Richard Cordray Citizens Against Government Waste (CAGW) has named Consumer Financial Protection Bureau (CFPB) Director Richard Cordray Porker of the Month for his gross mismanagement of the CFPB's headquarters renovation budget, which has ballooned by almost 300 percent from a projected initial cost of $55 million to $215.8 million. According to a June 30 Federal Reserve Board of Governors Office of the Inspector General letter, CFPB officials were "unable to locate any documentation" related to the renovation, which includes such luxurious amenities as an indoor waterfall, a four-story glass staircase, a sunken garden, a custom "green" roof, and stools commissioned from world-renowned sculptor Maya Lin. The House Financial Services Committee has stated that "the CFPB is spending much more per square foot [$590] than it cost to build the Trump World Tower ($334/square foot), the Bellagio Hotel and Casino ($330/square foot) and the Burj Khalifa in Dubai ($450/square foot)." For breaking the budget on the CFPB's... Read more →
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