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Legal Commentary

: Economics of Contempt

To Each His Own Regulator

By Anonymous

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Peter Boone, Simon Johnson, and James Kwak have an op-ed in today's WaPo, titled, "How to Manage the Banks." What's their proposal? Here it is, the sum total of the proposal that merited a place on the Post's op-ed page:
Congress should create a consolidated and powerful regulator that can stand up to the banks.
Umm, yeah, because OFHEO did such a bang-up job as Fannie and Freddie's own personal regulator. We should go with that approach again.

Full post as published by Economics of Contempt on October 15, 2008 (boomark / email).

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