Word: consumerized
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In fact, Democrats in Washington and even within the Administration were at odds over dozens of provisions. As with health care, there are serious differences on financial reform between the House and the Senate, and the Democratic caucus within the Senate is again divided. And as the House bill got...
Fight or Fix? "Your bosses are sociopaths! A bunch of Ted Bundys in $10,000 suits!" The words were hurled by an unnamed Democratic Congressman at a bank lobbyist who must also remain anonymous. Suffice it to say the lobbyist is getting used to hostile greetings. "We get it: we...
The bill the House passed in December closely tracks the Treasury proposals; Geithner's aides say they got at least 80% of what they wanted, including the stand-alone consumer agency, an easy-to-understand innovation for Americans who think mortgages and credit cards should be as safe as toasters...
The problem, as usual, is the Senate - and, in an election year, the calendar. Republicans are already suggesting that Obama's belated push for the Volcker rule and other add-ons will require new hearings and more delay, and that its line-in-the-sand approach to the consumer agency...
India maintained robust growth without Beijing's hefty stimulus in part because it is less exposed to the international economy. China's exports represented 35% of GDP compared with only 24% for India in 2008. Thus India was afforded more protection from the worst effects of the financial crisis in...