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A good outline of the mistakes made by the Big O's administration so far. If you look at the comments below, a lot of liberals/moderates have had just about enough.
The Dems need a good kick in the behind to wake them up to the needs of the people who elected them to serve the public interest.
Man, I wish people who would push for real financial reform like Spitzer had a spot on Barry's team.
"When J.P. Morgan Chase & Co. lawyers came to Washington in September to vent about prohibitions in the Volcker rule, they didn't bother stopping at the White House or Congress.
The reason: The power to hammer out exact language in the rule aimed at preventing risky bets belongs to a small army of regulators, including some who were unknown on Wall Street before the financial-overhaul bill passed in July. Dozens of career regulators at the Federal Reserve, the Securities and Exchange Commission and the Treasury Department are facing off against bankers, lawyers and other officials at financial firms that want to soften the impact of the rule named after former Fed Chairman Paul Volcker, which outlaws trades that aren't designed to meet near-term client demand or as a hedge.
Of course, some say that Wall Street will get its way in the end, especially since some of the regulators looking at the rule used to work in finance or are reluctant to take away banks' ability to make money by serving clients."
I sure as hell hope Bennet actually meant it with his bill.
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