Regulating Wall Street

Correct me if I'm wrong, but there are regulatory agencies already in place to regulate Wall Street. Why should new agencies be established. We don't need new agencies. What we need to do is hold those agencies accountable. If the White House or Congress want to create new laws, let them create laws that enforce the present regulations that already exist with penalties or fines on those who fail to enforce the rules.

Quoting SEN. JUDD GREGG, R - N.H.: "the suggestion that came from our side of the aisle is you raise the level of responsibility and visibility within the regulatory agencies on consumer responsibility."

This makes sense to me. Increasing the size of the Federal Government with more bureaucracy makes no sense to me WHATSOEVER!