Word: idea
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...Gathering of the Exiles Over the years, the Israeli government has paid lip service to the idea of opposing settlements, mainly by evacuating small outposts while supporting the large, suburban-style blocs. In 2005, Israel turned Gaza over to Palestinian control, ceding major settlements for the first time in 30 years. For the settlers, who frequently justify their presence as sanctioned by God, that act was a benchmark provocation and - in the view of religious nationalists - a divine repudiation of Israel's failure to settle yet more land. The government compensated each of the Gaza families with...
Banks hate the idea of a CFPA and reportedly plan to spend millions of dollars on TV ads and other efforts to thwart it. Members of Congress are griping about the way it steps on the toes of existing agencies they like. And those on the political right have taken to characterizing the CFPA as a classic case of Democratic regulatory overstretch. (See 25 people to blame for the financial crisis...
...page Administration draft and a 229-page bill introduced in the House by Financial Services Committee chairman Barney Frank - is that the logic behind it is quite compelling. That doesn't mean it will actually work as advertised, especially after Congress is through with it. But it's an idea that deserves a chance...
...regulators) now housed at the Federal Reserve and other banking agencies and give them their own new home. In trying to balance the joint responsibilities of protecting consumers and keeping banks safe and sound (that is, profitable), bank regulators have in the past decade failed at both. So the idea is that if we create an agency with consumer in the name and a clearer focus, we'll have a better shot at protecting consumers from dangerous, deceptively packaged financial products and keeping banks from lending themselves into oblivion...
...reasoning is most closely identified with Elizabeth Warren, a Harvard law professor and the current chairwoman of the congressionally appointed committee overseeing the Treasury's bailout efforts. In a 2007 article in the journal Democracy, Warren argued for what she called a Financial Product Safety Commission. But the idea isn't exclusive to her. Canada, which did not suffer the subprime woes of its southern neighbor, created a consumer financial agency in 2001. Australia and the Netherlands have taken the more ambitious step of consolidating all consumer and market oversight under one financial regulator while leaving soundness to another. Last...