Word: bankses
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Although increased liquidity and bank recapitalization have led to a much more sound and secure financial system, Obama has yet to publicize these developments, to his own detriment. Just a year ago, there were talks of a potential second Great Depression, but the aggressive actions taken by the Fed and...
It is conceivable that a new wave of bipartisan cooperation will sweep financial reform into law - even though the House version passed last year with zero Republican votes; even though Dodd's version passed through committee last month with, yes, zero Republican votes; even though Big Finance is blasting boatloads...
See "Can Bashing the Banks Help Obama?"
Meanwhile, the default position for the GOP in the Obama era is no, and while its united recalcitrance failed (barely!) to stop health care, that's likely to make its leaders even less eager to hand the President another big victory. For reasons of anti-regulatory ideology as well as...
Most of the spotlight on reform has focused on the up-or-down question of an independent consumer agency, a fairly simple issue even for nonexperts. But reasonable reformers can and do disagree about how much power to give the Federal Reserve, how to wind down failing banks without bailouts...