Today John Dugan, a banking regulator holding the office of "Comptroller of the Currency" compained about proposals by the Obama Administration to give States more powers to protect consumers. Such new rules by States would "cause confusion among banks and discourage them from offering consumer products." That is, more protection for consumers would equal less choice! "Product choice" equals freedom! Allowing States to protect consumers with new regulations would also, according to the Financial Times, "make it more difficult and costly for large lenders."
This is the world we live in. Any attempts to protect ourselves is bad for business. And if it's good for business it is good, period.
In related news, the Daylight Robbery Association & Round Table, complained that laws that restrict their ability to steal were Un-American and would ultimately cause the demise of said Association.
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