Word: toughers
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...Bank regulators were willing to countenance those kinds of risks because their main charge was keeping banks healthy and profitable. A separate consumer agency would presumably be much tougher. It would also probably curtail financial innovation and keep some Americans from getting loans - as banking groups, who like the consumer agency idea least of all the Obama proposals, are already arguing. But that's not necessarily a bad thing. It's hard to imagine the financial crisis of the past two years being anywhere near as damaging if lenders had simply been banned from extending home loans to people...
...will come easy. But as the Senate Health, Education, Labor and Pensions (HELP) Committee on Wednesday becomes the first to begin the process of formally drafting a bill - one that members will call the Affordable Health Choices Act - it's already clear that the task will be that much tougher because of the absence of the committee's, and the issue's, driving force...
...days since Iran's troubled election, hard-liners in Israel and neoconservatives in America have made no secret of their glee at still having Ahmadinejad as an antagonistic foil to help build support for taking a tougher line on Tehran's nuclear ambitions. But there is also widespread relief in the Administration, as well as among some moderates on Capitol Hill and in Europe, at the result. Despite all the attention paid to the office of the Iranian presidency, nuclear policy is set by the religious leaders of the country, and they have shown a determination to amass enriched uranium...
...contrast, Ahmadinejad's win may increase Washington's chances of getting tougher sanctions on Iran if they refuse to negotiate, the officials said. Ahmadinejad personifies Iran's unpredictable, dangerous side. He made even more hostile and threatening statements toward Israel and the U.S. during the campaign. And though they dare not say it publicly, Administration officials privately say that the messier and more contentious the postelection period, the more it sends the message to the outside world that even if some Iranians want moderation the hard-liners will not allow...
...that said, the U.S. faces an uphill battle to gain broad support for tougher sanctions, including those targeting Iran's ailing energy sector; Iran sits on the world's third largest oil reserves, but it loses as much as 500,000 barrels a year in production capacity and what it does produce it has little ability to refine, importing up to 50% of its gasoline. Russia has said it does not support sanctions beyond those targeting businesses with direct ties to the nuclear and missile programs in Iran...