Obama Scolds Bankers, But is There Anything to His Toothless Regulatory Proposals?

by Benjamin Domenech on 8:28 am September 16, 2009

“Obama’s regulatory revamp would create a new consumer protection agency to protect the consumer from himself, as well as from predatory lenders; a ‘resolution authority’ to seize and wind down insolvent non-banks; and an oversight council to share information across markets and plug regulatory gaps ‘that don’t fit neatly into the organizational chart.’” Easy, now.

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