Could ACORN Provide Systemic Risk Oversight?

At the Investor’s Business Daily blog Capital Research Center alumnus Dr. David Hogberg reflects on whether the proposed “Financial Stability Improvement Act” would give ACORN an opportunity to advise the Financial Services Oversight Committee that the legislation would create.

The new entity would monitor the financial services market for systemic risks and identify companies that could pose such risks.

The legislation seems so vaguely worded that it does seem possible that ACORN could provide feedback on big corporations. Those corporations, as it turns out, are often targets in ACORN’s ongoing shakedown racket.