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...lamest of the Senate's lame ducks, Delaware Senator Ted Kaufman should be coasting at this point. No matter what happens in November, he will be out of a job a few days later, when his two-year turn as Vice President Joe Biden's appointed replacement comes to an end. "I'm junior," the wild-haired, 71-year-old former Biden staffer admits. "I can't get more junior." (See the top 10 Joe Biden gaffes...
...This Week recently, White House economic aide Larry Summers dodged a question about Kaufman's complaints. "Senator Kaufman is exactly right," he said instead, sympathizing with the concern about large bank failures. In fact, on whether to dismantle the largest banks, it would be hard for the two men to disagree more...
Kaufman, who has taught politics at Duke and holds an MBA from Wharton, traces the roots of the collapse to what he calls the "great regulatory meltdown" of the past two decades, a move that was largely endorsed by Summers when he served as Treasury Secretary under President Clinton. But the Senator has been careful to avoid criticizing Democrats directly. He says he has not talked with the White House - or former boss Biden - about these issues and has only words of praise for Connecticut Senator Chris Dodd, a onetime champion of deregulation who wrote the Banking Committee bill...
...Senate office, Kaufman has stacked the latest books on the financial crisis on his desk, background reading for his regular trips to New York to meet with bankers and analysts. Financial regulation is a crusade he never expected to take on when he accepted his two-year posting. But his 32 years as a Senate aide - and his subsequent time as an academic observer of Washington - taught him not to be discouraged by long odds...
...capital without an Iraqi invitation, have been called to assist with the investigation into the recent bombings. U.S. military and law enforcement are working shoulder to shoulder with Iraqis for on-the-job training in intelligence gathering and sharing and crime-scene investigation. Bombs that had been rigged at two houses were disabled on Tuesday based on tips, and nearly a dozen people have been arrested by Iraqi security forces based on confessions related to earlier bombings...