The first to testify to the Financial Crisis Inquiry Commission (FCIC), was former Fed Chairman Alan Greenspan who defended the central bank's record on consumer protection. Phil Angelides, who is chairman of the panel, asked Greenspan. "You could've, you should've and you didn't" do enough to regulate. More from WSJ (via The Australian) in piece titled "Greenspan, panel spar over Fed's role in financial crisis."
Could Greenspan or anyone have achieved becoming a Super Regulator? Could anyone? Is that what is needed? A Regulator Daredevil to keep up with producers and bankers? Will the Oversight Panel now proposed be approved by the Senate? What about a new US Systemic Risk Regulator ?