Did you know those who are not comfortable are affected by Dodd-Frank?

With the signing of Dodd-Frank, President Obama created the Office of Financial Research (OFR) and granted this office broad power to compel the production of vast amounts of information and data. The OFR can collect any data it deems necessary, ranging from private bank information to individual consumer transactions. In an age of cyber warfare, this consolidation of vital information is short-sighted and potentially very dangerous.

Much like the Consumer Financial Protection Bureau, the OFR operates with very little oversight. For example, since the OFR doesn't receive its funds from Congress, like nearly every other Federal agency, there is no meaningful check on the agency's power or spending. The President's own budget boasts about the agency's lack of accountability: "There are currently no performance measures in place for the Office of Financial Research," it said. Some Americans may question how a federal agency can enjoy a budget of $157 million, with no way to measure its actual performance. Just as troubling? OFR can fund its operations by imposing fees on financial companies without any Congressional input - effectively giving the agency the ability to tax American businesses and consumers outside the democratic process.

But does the OFR present an opportunity to prevent financial crises? Not according to Nassim N. Taleb, a Distinguished Professor of Risk Engineering at NYU-Polytechnic Institute and respected economic author. Taleb describes the goal of the OFR as "the creation of an omniscient Soviet-style central risk manager," which "makes us fall into the naive illusion of risk management that got us [to the financial crisis in 2008]."

Who is ultimately left paying for these new expenses? You, not Wall Street.