Word: feds
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...Street whore" and calling Republicans "foot-dragging, knuckle-dragging Neanderthals" on CNN. The liberal online hub the Huffington Post linked to the caveman remark, and more than 1,500 people wrote comments. "We need about 100 more Graysons in Congress," read one. Grayson later apologized to the Fed aide but repeatedly refused to apologize to the GOP. (You can watch those videos on YouTube...
...single bank regulator with power to set capital requirements and ensure stability. By contrast, the Frank-Geithner-negotiated bill in the House would do away with only the OTS, leaving the FDIC in charge of state-chartered-bank supervision, the OCC in charge of nationally chartered banks and the Fed in charge of complex financial institutions...
...that a single agency should not be responsible for both ensuring bank stability (read: profitability) and protecting consumers. The CFPA would have rule-making, supervisory and enforcement authority to hunt abuses in lending and fee-setting. The FDIC would continue to exist as an insurer of deposits, while the Fed would continue to control monetary policy and oversee national financial stability...
...remaining player is Alabama's Richard Shelby, the ranking Republican on the Senate Banking Committee, who has been in talks with Dodd for months. His office opposes the CFPA, likes the Dodd provisions that strip the Fed of authority, and backs a single regulator. But Shelby, like everyone else who pays attention to rules controlling the world's largest financial system, is waiting to see the details of Dodd's bill - which no one has yet - before he weighs in officially...
...penalty corner, Sophomore Georgia McGillvray fed Dickson, who slapped it past the Wildcats goalie to even the score...