Paulson's Financial Reorg-- Should We Rethink the Structure of US Antitrust Agencies?

Posted by D. Daniel Sokol

Treasury Secretary Henry Paulson has urged a substantial and fundamental reorganization of American oversight of the US financial system.  Here is the report, and here's the text of Paulson's speech.

I wonder if it might not be time to rethink whether or not we need two federal antitrust agencies and for that matter if regulatory agencies should be able to separately review mergers based on a "public interest"  standard.  If we were starting from scratch, I do not think that the current design of competition policy is one that anyone would pick.