Department of Financial Regulation in Bigger Governmental Context

More and more discussion of the proposed Department of Financial Regulation is focusing on the overlap of regulatory authority with the Attorney General’s office, rather than any cost-savings impact it might have on future budgets. I found this article by Jacob Gershman from the Wall Street Journal, Cuomo Reaches for Power, interesting in that it puts this proposed agency into a larger context about the role of the Executive in NY. There isn’t anything new on the DFR here, but I think it is always a good exercise to see any new development in a larger context, in this case, a possible reallocation of power between the Executive and Legislative branches of government.