It’s like the infrastructure spending – it doesn’t fix hardly anything out there now because a politician can’t put his name on a bridge which was already built by some previous politician. Only NEW bridges (or agencie) can be named after the current politician.

Obama ought to be concentrating on making the government he has work instead of creating another one on TOP of the one his predecessors put in place. Effeciency does not require ‘new’. We don’t need ‘new’ gun laws, we don’t need ‘new’ food safety laws, we don’t need ‘new’ regulations over investments. We just need to punish the people who broke the ‘old’ laws and do a better job with the taxpayers $$ in enforcing the millions of regulations already on the books.

If the big banks are so bad [ie carnivorous malicious unscrupulous business practices] that you need to protect us, why did you bail them out when they were headed for a fall?

Could it be that in view of the current federal oversight this new agency is not needed, but instead amounts to a payback for political favors, or a grab for more power?

So even though consumer protection already has federal oversight, we’re creating a new and bigger agency for the same purpose?

Will it stop consumer greed? Will this agency deny loans for houses deemed too expensive, or reduce overspending with credit cards?

We need an agency to protect the public from Congress’ overspending and stupid decisions. Witness the national debt, Fannie & Freddie.

The economic crisis having come about BECAUSE OF regulation?

Are you stupid, blind, or just indignantly FLAGRANTLY stupid?

It was greed— pure and simple greed—– and financial companies
taking bigger and bigger risks with less and less reasonably sound financial
instruments that caused the damned mess that we’re in, and don’t you dare forget it.

How ON EARTH would an agency who’s there to protect consumers— that’s right— the AVERAGE JOE & JANE AMERICAN— from carnivorous malicious unscrupulous business practices—- how on earth is that pushing us further toward the financial meltdown of our entire nation that rampant DE-REGULATION was very aptly bringing to bear?

No if we want a sustyainable society, Mr. Obama has got the right ideas.

It caused trillions to get out of that mess. Hopefully hands off the Invisible Hand and lets not play with fire anymore. Big government suffer from the diseconomy of scale, no more agencies, I feel that the private sector is more than capable of handling itself.