---------- Forwarded message ----------
From: barry levine
Date: Sun, Sep 20, 2009 at 8:55 AM
Subject: re: Leading Senator Pushes New Plan to Oversee Banks
To: letters@nytimes.com
To the Editor:
From: barry levine
Date: Sun, Sep 20, 2009 at 8:55 AM
Subject: re: Leading Senator Pushes New Plan to Oversee Banks
To: letters@nytimes.com
To the Editor:
The United States has a long and inglorious history of quasi-governmental agencies from Alexander Hamilton's bank to the Federal Reserve. Each has cost our government (ourselves) a great deal of money to safeguard the profits of the private partner. Senator Dodd is absolutely right; if there is to be a powerful regulator of our banking system, it should be our regulator, rather than an additional power given to the already-too-powerful Federal Reserve.
Barry Levine
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