Quote of the Day: Fed or Zoo?

Flickr/<a href="http://www.flickr.com/photos/nationalzoo/3038437783/">Smithsonian's National Zoo</a>

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In today’s New York Times, John Taylor, president and CEO of the National Community Reinvestment Coalition, blasts the latest iteration of a consumer-protection agency to emerge from the Senate banking committee’s closed-door financial-reform negotiations—namely, a consumer agency housed within the Fed. A vocal critic of the Fed for its failure to police banks under its purview and for its utter lack of regard for protecting consumers, Taylor had this to say when asked where he’d rather see a consumer-protection agency housed:

I’d take the National Zoo over these guys. This is a place to bury it, or at least make it ineffective.

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This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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