Friday, March 29, 2024 Text is available under the CC BY-SA 3.0 licence.

Peter Schiff

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Existing regulators had all the powers they needed, and more, and they failed miserably to foresee and prevent this crisis. Chris Dodd is now asking us to put all our eggs in one basket and trust a "super regulatory agency." He should know better than to centralize power in the hands of Washington bureaucrats - it's precisely the arrangement that caused our current problems. I think most Connecticut voters know that we need fewer czars in Washington, not more. As long as Fannie and Freddie and Congress are meddling with the economy, changing the structure of the regulators is basically rearranging deck chairs on the Titanic.

 
Peter Schiff

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Lafayette avoided the factions jealous of Washington because he recognized that Washington was the Revolution and that should he be reduced in power or replaced, the whole cause would collapse. ... Washington was a shrewd judge of character and never would have warmed to Lafayette if he had been only a superficial ingratiating romantic.
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