Posted by CM on September 2, 2009
In a past post, I indicated that Sheila Bair, the FDIC Chair, is against the Consumer Financial Protection Agency(1). In today’s New York Times, Ms. Bair writes in her Op-Ed that she “supports a consumer financial protection agency(2).”
1. “FDIC Chief says parts of regulatory plan won’t fly.” By Daniel Wagner, AP Business Writer. 8/14/09. URL: http://hosted.ap.org/dynamic/stories/U/US_FINANCIAL_OVERHAUL?SITE=SCAND&SECTION=HOME&TEMPLATE=DEFAULT
2. The Case Against a Super-Regulator. By Sheila Bair. The New York Times. 9/1/09.