Good Riddance!

Rep. Jeb Hensarling’s resignation from the Congressional Oversight Panel was a welcome relief. I have been following the panel’s hearings and I found him to be a distraction from the reality of the situation. He is a firm believer that the Financial Industrial-Complex has been too regulated.

So, as might be expected he is a member of the “lower taxes and deregulation” solves all problems “crowd.” These are the very folks who brought us the “Great Recession” and the “need” for TARP. These folks should have no say in any critique of the performance of other members of their “crowd,” say Paulson, Geithner, Summers and Rubin and the oversight of their handling of TARP.

Here is Chairperson Warren’s rather gracious statement on the development.

This is of course JMHO.

PS If you have the time (approx. 2 hours) watch or listen to this panel on regulatory reform going forward. I consider the investment part of my Continuing Education. As Martha says, “Learn something new everyday.”