Baseline Scenario

On Monday, Peter Wallison of the American Enterprise Institute slams the proposal for a Financial Products Safety Commission, using a Washington Post op-ed to call it elitist and contend it would limit financial choices to sophisticated consumers.
Are consumers “protected” when they are denied the opportunity to buy products and services that are available to others? [...]

Here’s something to keep in mind as President Obama unveils his financial regulatory overhaul plan today. Baseline Scenario helpfully offers a list of questions that the administration will either address or avoid as it rolls out its proposals. How Obama frames the debate will play a big part in how successfully the plan goes forward, [...]