I’ve been making this point
August 10, 2009 | federal legislation, industry | Comments (0)From today’s Los Angeles Times:
At the heart of the push for a new consumer agency are two basic bureaucratic realities:
The priorities of agencies with a lot of responsibilities depend on who’s in charge. By all accounts, former Fed Chairman Alan Greenspan didn’t make consumer protection a priority. His successor, Ben S. Bernanke, has been forced to elevate it.
Exactly. There is no benefit per se to creating another agency. An agency is only as good as the people running it.
Comments»
No comments yet.