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Thursday, September 16, 2010

Consumer Protection Chief Won’t Need Senate Confirmation

“It looks like President Obama wants to avoid a big Senate confirmation fight when it comes to his new financial consumer protection agency. Elizabeth Warren — the intellectual inspiration for the Consumer Financial Protection Bureau — will be appointed special assistant to oversee its creation, rather than be nominated as chairwoman of the new agency, according to news reports that include Paul Wiseman’s dispatch in USA TODAY. The consumer protection agency is a centerpiece of the recently signed package of new Wall Street regulations.” (USA Today)

A false sense of security is worse than none at all.

FEE Timely Classic
“The Anti-Consumer Lobby” by Gary McGath