Word: toughs
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...Cornell’s swarming defense and tough goaltender shut out the Crimson for the rest of the period, and the 6-2 lead was just too large to overcome...
...only hope for consensus is a bill that takes an unmistakably tough line on Wall Street, which could end up striking a political chord and persuading recalcitrant Republicans and unenthusiastic Democrats that they have to support it if they don't want to look like Wall Street apologists. Again, this is not a likely scenario; the health care experience suggests that even preposterous attacks on complex legislation can provide cover for opponents, and Republicans are already starting to portray tougher financial rules as a new Wall Street bailout. But this is at least a plausible scenario; a Harris poll released...
...most credible scenario for an irresistible groundswell of public support would have to include a tough consumer agency that would regulate financial products the way the FDA regulates food and drugs, along the lines proposed by bailout watchdog Elizabeth Warren. It wouldn't have to be a stand-alone agency; the FDA isn't, and nobody thinks of the Office of the Comptroller of the Currency as a Treasury agency just because its employee emails end with treas.gov. But it would have to be truly independent, with its own budget, its own presidentially-appointed director, and preferably its own address...
...course, a tough bill would face long odds. The money and power of the financial industry would be arrayed against it. There would be so many arcane moving parts - How much authority for the Fed? Should end users be exempt from derivatives regulation? Should something be done about naked credit default swaps? - that reaching consensus by August would be challenging even if everyone wanted it. And it's not clear that anyone is desperate to have it; there probably won't be another meltdown this year, and Democratic leaders may be content to let Republicans block reform so they...
...case, a weak bill would face insurmountable odds. So hanging tough is not just better politics for Democrats; it's the only chance for Dodd to burnish his legacy. And after the worst regulatory breakdown in 80 years, it also happens to be the right thing...