As the Obama administration turns over rock after rock in its efforts to reform the financial services industry, it may be no surprise that it is actively discussing the creation of a regulatory commission to protect those who purchase financial products such as mortgages and mutual funds.

Such is the latest report from the Washington Post, which claims that senior policymakers, including Treasury Secretary Timothy Geithner and National Economic Council director Lawrence Summers, are meeting at the Treasury Department last evening to discuss the plans over dinner.

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