The future of the financial regulatory structure built through the Dodd-Frank Act and other post-crisis reforms is suddenly on the table.
Lawmakers from both parties are demanding greater transparency and accountability from the Federal Reserve.
During the campaign, both Barack Obama and John McCain recognized that the atmosphere in Washington has become too personalized, polarized and petty.
Global coordination on insurance regulatory issues is a positive dynamic, but policyholder protection should remain the top priority of regulators.
Proposals to break up major financial institutions entail greater costs than the benefits they would provide and are potentially outright counterproductive.
Fiscal projections now look substantially worse than they did just last year, let alone in 2010, when a new Congress was elected on campaign promises to rein in deficits.