FAULT LINES ON THE ROAD TO REGULATORY OVERHAUL
(By Melina Mara -- The Washington Post)
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Who's Blogging  |
Treasury Secretary Timothy F. Geithner
-- Supports the Federal Reserve as a single regulator of firms large enough to threaten the overall financial system.
-- Favors creating a council of regulators to coordinate policy and monitor markets.
-- Supports transferring consumer protection authority from bank regulators to a new agency.
Federal Reserve Chairman Ben S. Bernanke
-- Supports the Fed as the single regulator of large firms, seeing it as a natural extension of its current authorities.
-- Supports establishing a regulator council that would play a consultative role.
