White House refuses to allow Senatorial oversight over Fed Reserve. Democrats… shrug.

I’m not exactly sure if the WSJ is actually surprised, here:

The Federal Reserve has aimed a seemingly nonstop spate of rules at the nation’s biggest banks as it tries to wring risk out of the U.S. financial system in the wake of the financial crisis.

Yet the central bank still lacks a Senate-confirmed official to formally oversee its continuing regulatory efforts.

Continue reading White House refuses to allow Senatorial oversight over Fed Reserve. Democrats… shrug.