Our Super Regulatory Agencies

Strict government regulations by themselves never work. The problem: There are too many agencies working with conflicting objectives.

Under the new-fangled Dodd-Frank regulatory fiasco, with the Treasury and the Federal Reserve in charge of all the banks and other financial companies and institutions, we have an addition to the miasma.

Also, SEC duties are expanding to a point where their whole administration has to be revamped. They did a poor job before their duties were broadened.

Transparency with less heavy-handed regulation always works better. However, that is also a matter of political talk more than practice. Transparency is what politicians mention only in their campaign banter.