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Experts say it's a positive start but far from enough for an agency considered to be at the heart of restoring investor confidence in the U.S. financial system. "These are good first steps, but they aren't any silver bullet," said Bruce Carton, a former SEC enforcement officer and publisher of the securities-enforcement report the Securities Docket. "These are all bureaucratic obstacles that never should have been there in the first place. It will certainly expedite things, but it won't catch a Madoff." Real change, he said, "is all about putting more people in enforcement and training...

Author: /time Magazine | Title: Mary Schapiro Moves Quickly to Shake Up the SEC | 2/11/2009 | See Source »

...following him. Bush clung to his base from the start - and never budged. (Both men were re-elected; Clinton by moving to the middle; Bush by refusing to do so.) I doubt either man would repeat their strategy if they could do it all over again. While there aren't many centrist votes in Congress to build anything around anymore, there are legislative proposals that moderate voters will appreciate...

Author: /time Magazine | Title: What Will Obama Learn from the Stimulus Saga? | 2/9/2009 | See Source »

...latest showcase of how the Americas in the 21st century are as hopelessly mired in a toxic mix of U.S. insensitivity and Latin hypersensitivity as they were in the 20th. On the one hand, it was indicative of Washington's inability or refusal to realize that Latin Americans aren't as obsessed with the drug war as los yanquis are - and that they tend to feel humiliated by imperious U.S. conditions like those set on aid for Ecuador's drug police. Correa's chief complaint against the U.S. diplomat, Homeland Security attache Armando Astorga, was "the insolence to pretend that...

Author: /time Magazine | Title: Out of Ecuador, A Latin Lesson for Obama | 2/8/2009 | See Source »

...billion on efforts to help homeowners, especially those facing foreclosure. But one of the leading ideas on how to do that - rewriting home loans to make mortgages affordable to struggling borrowers - is based on a startling lack of data about what works, and early evidence suggests that many lenders aren't going to make substantial changes without serious strong-arming...

Author: /time Magazine | Title: Will Loan Modifications Lift the Housing Market? | 2/6/2009 | See Source »

...Some, however, aren't so pleased with the deference the Obama team showed. Apparently responding to public disaffection, a small but growing number of moderate Republican and Democratic Senators are opposing the bill, which they claim has become loaded down with pet projects and spending that have little to do with spurring immediate job creation and economic growth. "Unfortunately, the House-passed bill is much more like an omnibus bill than a stimulus bill," Maine Republican Senator Susan Collins told reporters on Wednesday after meeting with the President. She asked him to force Democrats to remove things from the stimulus...

Author: /time Magazine | Title: Can Obama Regain Control of Congress's Stimulus Bill? | 2/5/2009 | See Source »

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