Protecting the retail investors

After a bruising experience retail investors in the US have had with financial products, a new legislation is on its way to President Obama to sign, which among other provisions will have the new department of the Bureau of Consumer Financial Protection. We ought to have one long ago. Our retail investors were getting a raw deal, conned into purchasing the wrong products. Sad to say, we are not getting one yet. The government is using us to do national service to help create a more vibrant consumer financial market. To me, this is highly irresponsible. Problem is the man in the street doesn't know what is actually happening. He will be done in many times more. No thanks to this government.