Word: washington
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...aggressive actions taken by the Fed and Treasury Secretary Timothy Geithner have led financial analyst Richard Bove to conclude that “U.S. banks now have more capital as a percentage of assets than in any year since 1935.” Nevertheless, the perception remains that Washington is making all the wrong moves; critics on the left suspect an incestuous relationship between Wall Street and Capitol Hill and those on the right decry a socialist takeover of the financial system. Lost in this maelstrom of punditry is the fact that the government has recouped most of its bailout...
Very few countries, such as Belgium and the Netherlands, have chosen the former option on a nationwide level, and here in the U.S., Washington and Oregon have followed suit. But even without such drastic permissiveness, there is a link between Fukuyama’s predicted champion, liberal democracy, and a rejection of constraint. A democracy that attempts to retain any sense of right and wrong beyond the obvious indicators of injury and illness faces an uphill battle in light of this aversion of conflict...
...wave of bipartisan cooperation will sweep financial reform into law - even though the House version passed last year with zero Republican votes; even though Dodd's version passed through committee last month with, yes, zero Republican votes; even though Big Finance is blasting boatloads of money around Washington to block reform. It's at least plausible, as I've written, that if President Obama succeeds at framing reform as a stark banks-vs.-people choice, and enough Republicans get nervous about the political price they might pay for siding with Wall Street, a deal could...
...desire to appear reasonable, maintain the illusion of good-faith negotiations and insulate themselves from charges of carrying the industry's water when the negotiations fall apart. We saw this movie during health care. And if you focus on the fundamentals - political and substantive - instead of the latest Washington kabuki, the path to passage is a lot harder to envision than the path to oh-well-maybe-next-year. (See the top 10 health care reform...
...criticize the Pentagon, instead saying that its employees' deaths "were tragic and emblematic of the extreme dangers that exist in covering war zones." But Assange said the attack was unjustified. "If those killings were lawful under the rules of engagement," he told reporters at the National Press Club in Washington, "then the rules of engagement are wrong...