“When President Obama asked a group of senior executives for suggestions on streamlining government, it’s unlikely that any of them suggested layers of new bureaucracy, vague marching orders, or management by committee. Yet Sen. Dodd’s ‘compromise’ financial reform proposal does all these things. The likely result? Banks and other financial institutions will still be tightly-run, aggressive organizations that can develop and sell complicated and risky new products in a heartbeat. But the agencies tasked with their oversight will be complicated and slow, encumbered by hard-to-follow rules and divided lines of authority. … Banks shouldn’t be too big to fail, and bureaucracies shouldn’t be too big to succeed.” [editor’s note: if it is indeed a “bureaucracy” (rather than a tiny “steering group” of advisors?), it’s already by definition “too big to succeed” - SAT] (03/17/10)