Who Will Regulate the Regulators?

[G]iving the Fed even more regulatory "authority" is like giving an alcoholic another bottle of whisky, a murderer another gun, or a bank robber another ski mask. It is bound to make things worse, not better. "We the people" have no ability to regulate the regulators in any way. Our only hope is to end the Fed before it creates an even greater depression than the one it has created for us today.

Timothy Geithner is asking for more power for the Fed. Only in America can the institution responsible for causing the present crisis be rewarded for doing so. That is a perfect example of Thomas J. DiLorenzo's 1st law of government: In government, failure is success.