Wednesday, November 11, 2009

Felix Salmon on the Dodd bill

The heart of the Dodd bill involves setting up three new agencies: the Financial Institutions Regulatory Administration, the Agency for Financial Stability, and the Consumer Financial Protection Agency. The last — the CFPA — is if anything a beefed-up version of the agency envisaged in Treasury’s proposal, and it’s a very good idea. But the first two are new.
That's Felix Salmon on the Dodd bill. There's a lot in the bill, and Salmon sums it up nicely, so check out the whole post.