TheHill.com - New agency for 'prudential regulation' of all banks?: "Among the changes that the Obama administration is considering are the creation of a single government agency to conduct 'prudential regulation' over all state and federal banking institutions; a consumer protection agency over financial products, but possibly not securities; and an investor protection agency, the sources said."
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I am still wondering if there is anything that this administration believes is off limits to government regulation. We have suffered from an excessively hands-off approach in the past, but it seems to me that this administration has far too much faith in the federal government's ability to make decisions about other people's money.
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