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...CFPA would have authority over anyone extending credit to consumers, the first line of regulation for nonbanks such as mortgage brokers and check-cashing firms would remain the states. American Bankers Association chief executive Edward Yingling argues that because of this, the playing field would still be tilted in favor of the nonbanks, and he may be right. But it would at least be more level than...

Author: /time Magazine | Title: Financial Aid | 7/27/2009 | See Source »

Ironically, the Change List's electoral success could result in the further consolidation of power in the hands of the KDP. The balance of power between the KDP and the PUK started to shift in the KDP's favor after Talabani took the prestigious but highly symbolic office of the Iraqi presidency, allowing Massoud Barzani to build up a power base back home in Kurdistan. The Change List further eroded the PUK's stature in the region by mounting a significant challenge against the party on its home turf in Sulaimaniyah...

Author: /time Magazine | Title: New Kurdish Party Could Destabilize Northern Iraq | 7/27/2009 | See Source »

...Moderates began stomping furiously on the brakes almost as soon as the legislation appeared to pick up speed. Some are freshmen from Western states, like Jared Polis of Colorado and Dina Titus of Nevada; their victories in 2008, part of a possible regional shift in favor of the Democrats, could be erased next year if polls continue to turn against new taxes and mammoth spending plans...

Author: /time Magazine | Title: Why the Blue Dogs Are Slowing Health-Care Reform | 7/24/2009 | See Source »

Most members of Congress don't have to worry much about voters from the other party because most districts are designed to favor either liberals or conservatives. But some mixed districts remain, and the Kansas Third is one of them. Moore's survival depends on winning votes from both sides...

Author: /time Magazine | Title: Why the Blue Dogs Are Slowing Health-Care Reform | 7/24/2009 | See Source »

...Bush had long approached pardons with suspicion. As Texas governor, he granted them sparingly. His reluctance stemmed not from a lack of mercy but from his sense that pardons were a rigged game, tilted in favor of offenders with political connections. "He thought the whole pardon system was completely corrupt," says a top Bush adviser. Bush had a textbook illustration in one of his predecessor's last acts: Bill Clinton's eleventh-hour pardon of fugitive financier Marc Rich, whose ex-wife had contributed heavily to his campaigns and presidential library, created a firestorm that consumed Clinton as he left...

Author: /time Magazine | Title: Inside Bush and Cheney's Final Days | 7/24/2009 | See Source »

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