The Blind Leading the Blind

Today bills were introduced in both the House and Senate to create a "Financial Products Safety Commission" that would approve new financial products and provide consumers with financial advice.

The legislation would create a council that would approve and regulate new products to in theory keep consumers "safe". The council would be created by the same people who have been incapable of balancing the federal budget for decades, plan on more than doubling that deficit this year, and who have created at least two "products" (Social Security and Medicare) that most experts estimate have trillions of dollars of unfunded liabilities and the potential to bankrupt the US government.

Prepare to be "safe."

Timothy Burger
timothyburger (at) Gmail