Two of the most important financial regulators in the country have a message for Congress: We need more money.

And my 4-year old daughter wants a pony. Given we created a brand new financial regulator, the Consumer Financial Protection Bureau, and they plan to spend $448 million next year, why don't we wait until one of these regulators actually creates some kind of thoughtful, new, regulation. What do they think they can do with more money? What rule-breaking is countenanced purely by a lack of resources? The many financial regulators need ideas and focus, not money. Clueless people always blame a lack of resources, which is why they are clueless.