Obama is gonna give finance reform a shot. Great timing.
You know it’s just a matter of time before one of these guys walks.
The Volcker Rule HAD to come out yesterday? Really?
Since neither the construction nor the operation of TARP or its sister programs was constitutional to begin with, it is an absurdity to argue that the addition to this program of a new recompensatory feature violates the constitution. This would be like arguing about what color a unicorn’s tail is supposed to be.
The Too Big To Fail Tax is a step in the right direction, despite Jamie Dimon’s mostly true defense of big US banks.
Why does Obama continue to defend his Treasury Secretary?
Great links for weekend reading…
As the average US citizen drags his wounded semi-corpse of a body across 2009’s finish line, it is heartwarming and life-affirming to know that the bloodsucking lobbyists are raking it in like never before down in Washington D.C. From Politico via the CATO Institute: K Street is raking it in. Washington’s influence industry is on track…
As I have repeatedly said, the President’s biggest misstep has been his pursuit of climate change policy and health care reform ahead of financial stability and banking reform. Everything that was broken when he was elected is still broken, millions more have no jobs to go to and yet Obama and friends are still dicking…
Cartoon by Tom Toles