Protectus, O Betterthanus

Here's a letter sent to the New York Times:

Bob Herbert, with his self-righteousness on full peacock-like display, calls for "the creation of an independent agency with strong powers of enforcement to protect consumers from exploitation by banks, mortgage companies, auto dealers and other purveyors of credit" ("Derailing Help for Consumers," March 27).  The notion that individuals can fend for themselves in competitive markets – for example, by exercising judgment, or by comparing one...