Two Views in Conflict » Publications » Family Security Matters: "The exercise now underway in Washington to reform our financial services
sector revisits what we just went through in health care. Take a problem caused by government going where it doesn’t belong and then propose to solve it by doing even more of the same.
Only politicians could conclude that our lives will be more financially secure if we create things with names like the Financial Stability Oversight Council, the Office of Financial Research
, and the Research and Analysis Center.
These new entities, under the reforms being pushed, would comprise a great command center in which a whole army of newly installed bureaucrats will survey the financial horizon and do pre-emptive strikes on institutions they identify as wobbly.
Might we consider that anyone that could reliably predict and identify banks that were going to fail could become filthy rich working on their own buying and selling stocks of these institutions?"
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