Nobody seriously disputes whether Elizabeth Warren is the best-qualified candidate to head the Consumer Financial Protection Bureau. Everybody recognizes the bipartisan political appeal that Warren has with voters, and Democratic strategists know that no action in their power would play better to the party's base than a Warren nomination—a vital maneuver ahead of the November elections. more »
The Washington Post has published a very silly op-ed by Chrystia Freeland accusing President Barack Obama of unfairly "demonizing" Wall Street. Freeland wants to see Obama tone down his rhetoric and play nice with executives in pursuit of a harmonious economic recovery. more »
Most of the discussion surrounding too-big-to-fail at this hearing has dealt with a relatively short period in time: the decision to bailout a firm, and what happened right after that decision.
This is an important part of the issue, but it's by no means the whole story. more »
Clearly the best FCIC hearing to date. Tough questions all around. Everybody comes out of it looking bad, bankers and regulators alike, as they should.
A lot of CNBC anchors do not seem to understand how regulation works. In fact, it appears that the network's hosts don't really grasp how basic economic competition works. If you've tuned into the business channel this summer, chances are you've heard its star reporters pushing the ridiculous bank lobbyist mantra that new consumer protections will actually make life harder for consumers. more »
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