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...didn't have commercial banks ready to step in, you'd have a vastly bigger crisis today," says Jim Leach, a Republican former Congressman from Iowa (and current Barack Obama supporter) whose name is on the Gramm-Leach-Bliley Act that repealed Glass-Steagall. Leach is no neutral observer, and there can be no proving that Glass-Steagall repeal has made the world safer. But amid the predictable debate now underway about how much new financial regulation is needed, it just doesn't make a very convincing scapegoat for the crisis...
...issues, is another example of the media's liberal bias [Sept. 8]. I was disappointed that the vast majority of your interview with McCain was devoted to his "prickly" attitude, when the full version of the interview on TIME.com had much more substance. Alanna Rice, COUNCIL BLUFFS, IOWA...
After receiving a record 600 sign-ups already this year, the Harvard College Democrats are revving up for an active election season, which kicked off last night with an appearance by former Iowa governor Tom Vilsack at the club’s introductory meeting. Yesterday evening, a crowd of about 250 students, mostly freshman, packed into the Tsai Auditorium in CGIS to learn more about the Dems and to hear Vilsack, a fall 2008 Institute of Politics Fellow, articulate the problems America faces and how college students can make a difference. While the organization was expecting high interest during...
...short, a woman who might have a few things in common with Lori Stern, an administrative assistant in Des Moines, Iowa, who lost her second job at a coffee shop when it closed. Stern went to her state's Republican caucuses in January, listened and left without voting. She still hasn't made up her mind, though she's now leaning toward Obama. "I'm very aware of what's going on and have paid attention, but I find it really hard to be trustful of politicians in general," she says. That sentiment is echoed by Beth Seidel, a factory...
...Grassley, an Iowa Republican, has floated the possibility of mandating a minimum five-percent payout rate for higher education endowments, similar to the current standards for foundations and other charities that receive tax-exemptions...