Ed Mierzwinski from US PIRG comments, "Today's 212-page blueprint from the Treasury Department to reform financial regulation may include some good ideas, but it is largely a re-hashed, unsubstantiated industry wish-list that seeks to eliminate state enforcement authority over insurance, securities and other financial products, without even guaranteeing strong consumer protection at the federal level."  Read more.

The Consumer Federation of America adds, "Rolling out this plan in the middle of the current crisis is like telling Hurricane Katrina victims stranded on their rooftops in New Orleans, "Don’t worry, if you can hold for a few years, we’ve got a really great plan to restructure the federal emergency response system.'"  Read more (PDF).