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Obama's plan for a new consumer protection agency with needed powers.
07/15/2009
One of the lessons of the global economic crisis is the need to protect consumerts to protect the economy as a whole. A system of lobbying and campaign contributions by the banking industry to members of Congress kills action in the public's interest. A dysfunctional system of consumer protection with powers and responsibilities spread over many federal agencies and no accountability, tends to put banking interests first, leading to the problems in the current crisis with subprime mortgages.
Grouped Articles
A Toxic Subprime Mortgage Bond's Legacy Lives On
Wall Street Journal 09.13.2013
New York Times 07.20.2009
Health-Care Firms Have Supported Lawmakers Debating Reform
Washington Post 07.21.2009
Dana Milbank - Washington Sketch: GOP's Steele Couldn't Have Said It Better Himself
Washington Post 07.21.2009
Consumers Need a Credit Watchdog
BusinessWeek 07.15.2009
That Promised Financial Reform
New York Times 10.14.2009
Adviser to Consumer Agency Had a Role in Lending
New York Times 10.26.2010
William Daley Brings Management Experience as Chief of Staff
New York Times 01.06.2011
Homeownership Rate Declines to 15-Year Low
Wall Street Journal 05.01.2012
Banks Push Home Buyers to Put Down More Cash
Wall Street Journal 02.16.2011
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