* Consolidate all the various federal agencies that regulate the country's financial system into just three
superagencies that are focused on market stability, safety and soundness, or business conduct.
"The
superagencies like the NWDA have not been in touch or achieved very much."
It does not seek to formally subsume smaller territories within a larger one; it does not seek to supplant one expertise with a superior model; it does not aspire to fold bureaucracies into
superagencies. Instead, the papers of the CdP speak enthusiastically and optimistically about "new forms of governance":
Nixon also proposed creating four new
superagencies to
It has been widely asserted that improved cooperation between such agencies can be fostered by creating more integrated
superagencies or contracts in which financial risk is shared across several agencies (Mechanic 1991; Goldman, Morrissey, Ridgely, et al.
Nevertheless, unity and centralization may not always reduce transaction costs because not all
superagencies act alike.
The result of this action was the formation of
superagencies to administer relief programs and projects, including the Civilian Conservation Corps (CCC), the Civilian Works Administration (CWA), and the WPA.
Such information fiduciaries could be recruited from the ranks of information
superagencies and local credit and information bureaus.