The solution is NOT another government agency

Wall Street must be held accountable, but do we need a new federal bureaucracy to do it?

Walt Minnick is proud to have been one of the authors of important legislation to force some much-needed oversight on the big bankers and corporate executives who got us into this financial mess. However, he very much opposed one provision of that bill, which would put in place a new agency that could have negative ramifications for the kinds of small, community banks so important to rural states such as Idaho.

The Christian Science Monitor reported on the passage of new regulations for the financial industry, and on Walt’s role in helping shape the bill, as well as in sending a message that all Americans want less government bureaucracy.