Congress Is Starving The Agency That Is Supposed To Prevent Another Meltdown

"While the rule-writing process is important -- and Wall Street lobbyists have fought hard for exemptions and loopholes on derivatives rules -- the lack of resources has made rules almost irrelevant, since the CFTC simply cannot enforce them. The agency is being hollowed out from the inside, yet another way that the financial industry can achieve its goal of gaining the freedom to ignore the law in pursuit of profit." David Dayen in The New Republic