Liz Warren defends CFPA and Bernanke defends Fed

Two good articles in the web today. One is a blogpost by Elizabeth Warren on her brainchild – Consumer Financial Protection Agency. She says there are 3 myths wrt CFPA and addresses each of them.

MYTH #1:  CFPA Will Limit Consumer Choice and Hinder Innovation
MYTH #2:  The CFPA Will Add Another Layer of Regulation and Increase Regulatory Burden
MYTH #3:  Prudential and Consumer Regulation Cannot Be Separated

Then there is a oped by Bernanke in WSJ on Fed’s exit strategy. He looks pretty confident of exiting from various programs.

Both are a good read on the highly debated issues of current times.


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