Don't Blame Competition between Regulators | Mark A. Calabria | Cato Institute: Commentary

Don't Blame Competition between Regulators | Mark A. Calabria | Cato Institute: Commentary: "Treasury Secretary Tim Geithner and congressional Democrats are calling for an end to competition between bank regulators, claiming that it contributed to the crisis. This claim, however, has almost no evidence to support it and much to the contrary. Washington needs to stop wasting valuable time on peeves unrelated to the crisis and focus on fixing the underlying flaws in the regulatory system."

"Creating a single bank regulator, under the supervision of the Treasury secretary, would deprive Congress and the public of much needed diversity in views on bank regulation."