WARNING, Will Robinson! WARNING!
Treasury Secretary Paulson proposes new Federal "controls" on financial institutions including taking over regulation of the insurance industry's financials.
In an administration that has never seen a regulation it wouldn't look the other way on when controls on even the most predatory business practices are required, one MUST suspect that Federalizing oversight has the hidden agenda of watering down stricter controls and protections that some of the more enlightened states (such as NY, MA, and CA) may have (just as we saw the Cheney-Bush EPA move against California's air quality control attempts).
DANGER, Will Robinson! DANGER!
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