Making a lot of Noise but Getting Nowhere

Senator Dodd has suggested that the Consumer Financial Protection Agency be housed with the Federal Reserve Board… yet, despite having all the power needed to stop the mortgage debacle, it was never able stop that train wreck. Why trust it to do more in the future?

The muttering over regulation sounds like putting the cart before the horse.

This cartoon came to our attention via The Mess That Greenspan Made in its post on financial market regulation getting even more difficult.

The Daily Reckoning