Editor’s Note: For more information about the long-recognized need for OIRA review of independent agency regulations, please see the 1987 National Journal article here.
From: Real Clear Markets
Hester Peirce is a senior research fellow at the Mercatus Center at George Mason University. Abby McCloskey is the program director of economic policy at the American Enterprise Institute.
Want more accountability of Wall Street? Start with their regulators. Financial regulators are rewriting the rules of finance with little to no consideration about how their actions will impact the economy. The result is unnecessary and potentially serious costs on consumers, investors, and economic growth.