Dodd’s Regulatory Plan Hit by Critics
“Sen. Christopher J. Dodd (D-Conn.) this week joined the generations of dreamers who have advocated for eliminating the nation’s muddle of bank regulators, arguing that a single agency would be more efficient and would end the ability of banks to choose the most lenient supervisor. But Dodd confronts a broad range of critics including bankers, regulators and fellow legislators who warn that his plan overlooks the strengths of the current patchwork and ignores the potential downsides of consolidation.” (Washington Post, Thursday)
Both sides are wrong.
FEE Timely Classic
“Bad Regulation Drives Out Good “ by Sheldon Richman
