Congress should create a consolidated and powerful regulator that can stand up to the banks.Umm, yeah, because OFHEO did such a bang-up job as Fannie and Freddie's own personal regulator. We should go with that approach again.
To Each His Own Regulator
Peter Boone, Simon Johnson, and James Kwak have an op-ed in today's WaPo, titled, "How to Manage the Banks." What's their proposal? Here it is, the sum total of the proposal that merited a place on the Post's op-ed page:
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