Mick Mulvaney, the budget director and director of the Consumer Financial Protection Bureau, has gutted the latter agency's role in preventing consumer fraud. Tuesday, he met with lobbyists and executives from the banking industry, promising further steps to gut regulations to prevent them from cheating customers. That's not even the scandalous part! The scandalous part is that Mulvaney asked the executives and lobbyists to donate more money, and told them the more they donated, the more influence they would have. Mulvaney didn't offer this as a sad concession to reality but an actual principle of governance he had personally abided:

"We had a hierarchy in my office in Congress," Mr. Mulvaney, a former Republican lawmaker from South Carolina, told 1,300 bankers and lobbyists at an American Bankers Association conference in Washington. "If you're a lobbyist who never gave us money, I didn't talk to you. If you're a lobbyist who gave us money, I might talk to you."