Financial Regulatory Solutions: Alphabet Soup Gets Much Worse

by Benjamin Domenech on 2:42 am June 17, 2009

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.

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