Creating a single financial regulator is not the solution as Congress and the Obama administration debate financial-regulatory reform, Federal Deposit Insurance Corp. Chairwoman Sheila Bair writes in a New York Times commentary. "Calls for consolidation beyond the administration's plan fail to identify the real roots of last year's financial meltdown. The truth is, no regulatory structure -- be it a single regulator as in Britain or the multiregulator system we have in the U.S. -- performed well in the crisis," she wrote.
Published in Brief: