The latest installment of "change we can believe in" is sweeping reform of the financial services industry.
Central to proposed Democrat reforms is the establishment of a new Consumer Financial Protection Agency. This agency would have broad authority to oversee and regulate financial service products like mortgages and credit cards and will be responsible to protect consumers from "unfair" and "abusive" products.
Unfortunately, when bureaucrats get authority to determine what is fair, the very people who they supposedly are charged to protect -- us -- are the ones who get hurt.
The most important product in our country is freedom and, unfortunately, it's this product that President Barack Obama and House Financial Services Chairman Barney Frank find most defective. They really think that politicians and bureaucrats can take better care of people than we can take care of ourselves.
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