Doddering and Dithering on Financial Reform

Reading Time: 3 minutes The New York Times reports on the formidable resistance in Congress to Obama’s efforts to, among other things, create a new consumer protection agency to cover credit cards, mortgages, and other poorly-regulated financial products. It cites . . . significant criticism from the financial services industry and its allies in Congress. Earlier this week, senior Read More

Who’s Got Obama’s Ear?

Reading Time: 2 minutes In the New York Times, Joe Nocera argues that Obama’s steps at regulating Wall Street are tepid compared to FDR’s and are likely to leave in place some of the very mechanisms that contributed to the crisis. Read this excerpt, if not the entire piece, then my closing comment: [T]he Obama plan is little more Read More