This was in the Financial Times today:

A US bank regulator joined financial executives on Wednesday in calling for changes to consumer protection rules proposed by Chris Dodd, the chairman of the Senate banking committee.

“In every case consumer protection has the edge and will trump safety and soundness and I think that is backwards,” said John Dugan, the comptroller of the currency, at an American Bankers Association conference.

   A bank regulator–in theory someone who is supposed to be neutral–is advocating against strong consumer protections before the main lobbying group for the banking industry? This regulator should be fired.