Word: rules
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...conscious decision to lower their head into a defender, hoping the forward lean will give them an extra yard. That defender's natural reaction? Go head-on as well. What if running backs weren't allowed to intentionally lead headfirst? The NFL is at least considering such a rule. "What concerns me is the runners," says McKay. "A lot of those hits are voluntary, where a player ducks his head and is in a position to deliver a blow ... that's something we have to look at. Because you see it more today than you did 20 years...
...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...
...problem, as usual, is the Senate - and, in an election year, the calendar. Republicans are already suggesting that Obama's belated push for the Volcker rule and other add-ons will require new hearings and more delay, and that its line-in-the-sand approach to the consumer agency is a formula for gridlock. Meanwhile, in the post-Massachusetts political climate - and with so much industry cash sloshing around in Washington - centrist Democrats seem to fear getting tagged as Obama liberals more than they fear getting tagged as Wall Street water carriers. And the White House would rather see reform...
...Volcker made his case at a White House meeting in October, the rest of the Administration started shifting his way. Giant firms like Goldman Sachs were raking in record profits, and financiers ranging from British central banker Mervyn King to former Citigroup chairman John Reed were endorsing the Volcker rule. (See the worst business deals...
...late December, Obama's entire economic team agreed to support the rule, along with limits on the size and scope of banks that go beyond the amendment Kanjorski drew up. Geithner would have preferred to limit risk-taking through tougher rules on leverage and capital - and he's still planning a push on that front - but in an election year, it was easy to see the value of having Volcker inside the tent. "The narrative is changing," Warren says. "In 2010, Congress will have a basic choice between taking the side of banks and taking the side of families...