On top of that, the compromised agency's actions are subjected to a veto by a "systemic risk" council made up of the same federal regulatory agencies that ignored the bubbles, scams and frauds that caused the last meltdown. As the advocacy group Consumer Watchdog's Washington Director Carmen Balber remarked, "You can't pull an agency's teeth, and let other regulators tie its hands, and still call it an independent champion for consumers."