The one member of the Obama administration involved with financial regulation, who better handled financial institution problems was Sheila Bair, the recently retired head of the Federal Deposit Insurance Corporation.
The FDIC, which insures 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 the recent Dodd-Frank regulation must entail new government agencies and meddling with unexplored ideas and ventures. ( See the Earl J. Weinreb NewsHole® comments.)
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