Jay Ambrose: Our best regulator is the Constitution

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Oh that President Obama, he is such a card. Why the other day, he was talking to some Democrats at a fundraiser and he got on the subject of financial regulation, and in that faux folksy tone he assumes when striking a partisan and mindlessly populist note, he said.

“Now, the Senate Republican leader (Mitch McConnell), he paid a visit to Wall Street a week or two ago. He took along the chairman of their campaign committee. He met with some movers and shakers up there. I don’t know what he discussed. All I can tell you is when he came back, he promptly announced he would oppose the financial regulatory reform. He would oppose it. Shocking.”

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