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Well, that’s the first time we’ve heard of Harvard Law as a backup plan...
Novey also applauded Obama’s promise to support students’ tuition, which he described as “one of the most exciting and overlooked issues.” He noted that Obama’s plan to forgive loans for students entering public service careers was especially relevant and said he personally planned to take advantage of such a program...
...moral qualities than any other game of athletics." The game has always been a laboratory for traits like teamwork, discipline and perseverance. If it is to remain a metaphor for American exceptionalism, however, we can't let it leave so many victims in its wake. Here's a game plan to lessen the pain...
...White House is tired of complaints that its economic team - especially Treasury Secretary Timothy Geithner, the former New York Fed president who helped bail out AIG and other failing firms - is too close to Wall Street. Bringing the legendary gray eminence in from the cold - Obama called his plan to ban proprietary trading by commercial banks "the Volcker rule" - not only lent capitalist gravitas to populist bank-bashing but also reinforced the message that the Administration will not be outflanked in its assaults on Big Finance. That hasn't always been the case...
...Allergic to Populism Shortly after Obama unveiled a $117 billion plan to tax the riskier liabilities of larger financial firms, Geithner hosted a dinner for bankers. A few of them grumbled about Big Government, class warfare and the unfairness of scapegoating financial institutions that already repaid their bailout money while GM and Chrysler keep hemorrhaging taxpayer cash. But one midsize-bank CEO suggested the tax was a reasonable surcharge on too-big-to-fail conglomerates that benefit from an implicit guarantee of federal help in a crisis. "If I fail, the FDIC shuts me down," he said. Then he gestured...