http://finance.yahoo.com/news/Frank-scoffs-at-worries-about-apf-750601230.html?x=0
Should industry groups really be allowed to have a say when it comes to consumer protectionism? Especially since the need for such a regulator comes about from industry's penance for greed and the inability to rein themselves in to feed it without conscience to the calamities of it's cost?
While Democrats seem to be united on the issue of creating a consumer-protection agency, Republicans and industry groups are railing against it. They say there already are enough regulators policing the market and that holding those regulators more accountable would have prevented the current economic crisis.
