Jul 22, 2010

"Do you hear music? Financial reform is the law of the land, but its success is hardly a matter of simply signing the document.  Much of the law is open to interpretation.

Congress has written the music, but whether we get Handel or honking come performance time will depend on those picked to deliver on it.

Think of recent appointments to top regulatory jobs that have either energized staid agencies or dragged robust ones into conflict. There was Mike Brown's disastrous reign at the Federal Emergency Management Agency, the steadying hand of Hillary Clinton at the State Department, John Dugan's controversial time at the Office of the Comptroller of the Currency and Mary Schapiro's energetic, if not always effective, impact on the Securities and Exchange Commission."

Click to go to the Wall Street Journal website and read the entire article.