Defending the CFPA
October 16, 2009 | federal legislation, industry | Comments (0)MarketWatch quotes an Obama Administration official:
Washington doesn’t always know best, states can set standards that can be higher than the federal standards, but we should have a high national standard around the country,” said Assistant Treasury Secretary Michael Barr. “It is a floor on state activity.”
Notice the contradictions? Washington doesn’t always know best, but let’s regulate away anyway.
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