The FCPA seems consumer friendly, but there are serious legal concerns here (not to mention the suppression of financial innovation). I am a supporter of the Obama Administration, and would like to see him and his initiatives succeed, but I question the alacrity of a lay bureaucrat to design financial products. There are also legal issues of the dearth of administrative law being created here ...

I have written a post on this other side of the FCPA at,

http://ourforwardmovement.blogspot.com/2009/0...