Views of a Would-Be Democrat Chairman on Regulation

By November 1, 2006General

Here’s an article from the Financial Times, based on a conversation with Rep. Barney Frank (D-MA), the man who would be Chair of the House Financial Services Committee should the Dems re-take the House. You’ll recall that Rep. Frank’s been counting his chickens of late.

In any event, here’s the opening paragraph, where Rep. Frank envisions an international uber-regulatory body:

“Financial regulators on both sides of the Atlantic may not be able to resolve policy disputes through co-operation and the creation of a global regulator should be considered, according to Barney Frank, the senior Democratic congressman.”

Oh, great.

Click here to read the full article.