Wednesday, July 08, 2009

Regulators: let us do our job...

...you know the one we haven't been doing.

Here's CJR's Ryan Chittum:
Getting a Consumer Financial Protection Agency passed is going to be hard enough, given how the still-extremely-powerful banking industry has vowed to fight it to the death. Now, Reuters reports that other regulators are trying to smother the agency in the cradle.

One of the only things that can rival the ferocity of a banker protecting his lucre is a bureaucrat protecting his turf. So look out.
It's a good read.

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