Credit Writedowns Thu 2009-09-03 11:38 EDT
Sheila Bair and the case against a super-regulator
There is an effort underway to install the Federal Reserve as super-regulator for all banks and financial institutions, concentrating power in one institution. I find these efforts one of the most disturbing outgrowths of the financial crisis we have been witnessing...better to enforce the rules and regulations that are currently on the books than to build in a whole new super-structure.