"Words that make actions speak louder."
On the heels of Elizabeth Warren’s rallying cry for a Consumer Financial Protection Agency, Campaign for America’s Future called on our supporters to join the fight. The following call to action was sent to our supporters today. *** The struggle to control the big banks is coming to a head in Congress. The House has […]
The Wall Street Journal reports that Sen Chris Dodd, chair of the Senate Banking Committee, is thinking of abandoning the Consumer Financial Protection Agency, the centerpiece of Obama finanical reforms designed to create an independent watchdog to protect consumers from getting gouged by the bankers. Abandoning this reform in the face of Republican opposition is […]
Yes, the apostle of free markets, the scourge of regulation and taxation, the bastion of nutcase supply side economics – the Wall Street Journal editorial page – has come out foresquare for more regulation… For Haiti, at least. The Journal editorial contrasts the toll of the Haitian tragedy with the comparatively slight toll of a […]
Smith Bagley passed away on Saturday, felled by a stroke on Christmas Eve. I was honored to count him a supporter and a friend. Smith is celebrated for his remarkable generosity; his commitment to social justice and to the Democratic Party. His Arca Foundation is noted for path-breaking grants that made America better. His Georgia […]
Health care reform suffered the torments of partisan obstruction. Now gird yourself for financial reform and the perils of bipartisan blight. In health care, lockstep Republican opposition caused months of delay, and empowered the likes of Connecticut’s embittered Senator Joe Lieberman and Nebraska’s compromised Ben Nelson to exact cankerous concessions to forge a super-majority. So […]
Time Magazine’s naming Ben Bernanke “Man of the Year” is a little bit like celebrating an arsonist for his heroics in putting out a fire that he set. Bernanke has done creative and bold work in staving off a fianancial free fall. But he would also be on any list of the 10 people most […]
Enjoy the health care debate? Wait until the Senate takes on the big banks. It already looks like déjà vu all over again. Democrats, bloodied from self-inflicted wounds in the health care debate, may well commit seppuku over financial reform. The script is in place for a failed sequel. The administration, via Treasury, cobbled together […]
President Obama is sensibly focused on jobs, unveiling a new initiative Tuesday in the wake of last week’s White House jobs summit. Elements included everything from new infrastructure spending to "cash for caulkers," tax breaks for weatherizing homes, as well as aid to cities, states and the unemployed. The president suggested that the $200 billion […]
Senator Bernie Sanders has announced he will put a hold on the Bernanke nomination. Sanders wants the Finance Committee to hold serious hearings probing Bernanke’s actions leading up to the financial collapse, and the emergency measures he took, committing literally trillions to bolster private financial institutions without a vote of Congress. Other Senators should be […]