The one member of the Obama administration involved with financial regulation, who seems to have a handle on the problems of financial institutions. appears to be Sheila Bair of the Federal Deposit Insurance Corporation.
The FDIC, which insures its bank member deposits, takes over institutions when in trouble. This often involves takeovers by other, sounder institutions.
The principle can be applied to the problems that perplex so many in Washington. Too many feel regulation must entail new government agencies and meddling with unexplored ideas and ventures.
No comments:
Post a Comment