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A Single Bank Regulator: A Sensible Financial Reform

Hard on the heels of a good job with regard to credit card regulation, the Obama adminstration has come up with another sensible reform proposal; a single bank regulator.

Similar institutions are now too ofien regulated by two somewhat different regimes; the Controller of the Currency, and the Office of Thrift Supervision. This allows for a problem that many parents have with their kids; that of the kids "shopping" for the more lenient parent.

Bank regulation needs to be streamlined.Combining the two largest "banking" regulators would be a good first step.