Not surprising
June 24, 2009 | alternatives, federal legislation, industry, regulation | Comments (0)The Chairman of the House Financial Services Committee supports the Consumer Financial Services Protection Agency proposal. From the Wall Street Journal:
“The fear that this will somehow be an out-of-control entity ravaging the private sector is unsupported by anything in American history,” House Financial Services Chairman Barney Frank, D-Mass., …
But there certainly are negative consequences of over-regulation short of “ravaging”.
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