Financial Regulatory Solutions: Alphabet Soup Gets Much Worse

Felix Salmon reads the government’s financial regulation whitepaper: “If you thought this was going to make the current horribly-complicated system of financial regulation less complicated, think again.” Just get used to the bureaucratic symmetry of FOSC = NBS + FDIC + NCUA + SEC + CFTC + FHFA + FOMC + CFPA + Treasury.