Word: democratically
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Dates: during 1980-1989
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...biggest fear among law-abiding Chicago traders and brokers is that evidence of shady dealings will inspire Washington to clamp down on the freewheeling markets. Already Texas Democrat Kika de la Garza, chairman of the House Agriculture Committee, plans to investigate the Chicago exchanges. Congress could decide to beef up the relatively tiny agency that oversees the Chicago markets, the Commodity Futures Trading Commission, or transfer the authority to the Securities and Exchange Commission. "Figuratively speaking, at least," laments a futures broker, "there'll be police in the pits from...
...giving banks an invitation to shoot craps with the taxpayer's money." So said Michigan Democrat John Dingell, chairman of the House Energy and Commerce Committee, with a touch of hyperbole. The object of his barb: a Fed ruling last week that will permit five leading bank holding companies -- Bankers Trust New York, Chase Manhattan, Citicorp, J.P. Morgan and Security Pacific -- to buy and sell corporate bonds. The decision will enable the financial institutions to move, within strict limits, onto the turf of Wall Street firms, which have been encroaching on the banking business. Said Richard Huber, an executive vice...
...acted in part because Congress failed last year to pass legislation that would reform the 1933 Glass-Steagall Act, which erected walls between the banking and securities businesses. The landmark statute is widely viewed as outdated, but many legislators, including Texas Democrat Henry Gonzalez, chairman of the House Banking Committee, contend that the Fed has wrongly usurped congressional powers to oversee the banking industry...
Even before FUEL began its push, Congress seemed unwilling to alienate motorists, which in the U.S. is practically everybody. When California Democrat Glenn Anderson introduced a House resolution opposing any increase last year, he quickly picked up 122 co-sponsors. Anderson plans to offer the nonbinding measure again this week. Says a congressional staffer: "The idea is to send a signal that increasing the gas tax is not the easy...
That Reagan believed in his spiel, and in himself, more fully than do most politicians enhanced his credibility. Though he has been living like gentry for nearly 40 years, his geniality kept him in touch with the folks. "Having been a Roosevelt Democrat was an asset," Neustadt observes. "Though he turned far to the right, he never became a three-piece-suit, business Republican." Instead he became something new under the Republican sun, a smile-button conservative who persuaded voters that less taxation meant more prosperity, that less government facilitated the pursuit of happiness. And he taught the Washington establishment...