OBAMA TO CREATE NEW CONSUMER REGULATORY ENVIRONMENT

president obama from what i read on google news today intends to creatge new regulatory agencies to over see consumer credit. from an ordinary persons perspective this might sound great but come to think of it the consumer protecton agency was set up for the same purpose. the consumer protection agency has done some great works but i do not support a new agency in the sense that when this new agencies are proposed at first they sound great but once they start operating they are faced with challenges that they have to figure a way of dealing with from time to time. therefore by creating this new agencies to meet challenges that existing agencies have not yet mastered is not a solution. it's just a waste of rsources and i hope the obama administration does not get in the habit of reinventing the wheel for alot of their programs. let us hear your take on this topichttp://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/06/17/BU3F1895UH.DTL&type=business