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.

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