President Obama is heading to the Big Apple tomorrow to press his case for putting some kind of leash on the financial predators who orchestrated this recession/depression.
In the meantime, Obama and Senate Dems may have faced down the Rs, who were threatening a health-care-like stall campaign. Perhaps McConnell & Co. noticed that investment bankers aren’t as popular as doctors?
NY reports this evening that legislation regulating derivatives passed the Senate Ag Committee (yes, Ag, they have jurisdiction over commodities) – One small step . . . .
Former Labor Secretary Robert Reich, writing at HuffPost, describes what we need – Need more steps, lots more . . . .
Four Senators are introducing their own legislation to break up the “too-big-to-fail” institutions, which should be a cornerstone of any reform – A bigger step . . . .