Still Another Vacation Piece
Business Needs Consumer Protection
This morning's news, that the president is considering adding consumer protections to financial oversight, is welcome if a bit ironic. In a consumer economy, it is vital to have consumers. Only ideological blindness could ever have persuaded any member of the business community that preventing regulations - that protect their consumer from being flushed down the toilet - are against their own interests.
In her role overseeing the bailout, Dr. Elizabeth Warren has encountered the underlying causes of our economic crisis, and this has produced an excellent concept for protecting our future. Without protections for the public, we have recreated the Great Depression, and will take some time to recover from those damages.
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