And Elizabeth Warren is ready to ride it
"Too Big To Fail" is in real trouble. It's about time.
It has become glaringly obvious over the past couple months that President Obama wants to nominate Larry Summers to become the next chair of the Federal Reserve. According to CNBC’s John Harwood, Obama feels he “owes” Summers for his willingness to serve the country during the first-term response to the Great Recession.
Elizabeth Warren is using her Senate seat to grill those who let the big banks off the hook
Elizabeth Warren is using her Senate seat to grill those who let the big banks off the hook.
It’s been heartening to see a broad response to the disclosure, deep within the magazine’s new cover story on the Ohio political landscape, that the FBI is investigating questionable donations by employees of a direct-marketing company in Canton, Ohio to the campaigns of Republicans Josh Mandel, the state treasurer challenging Sen. Sherrod Brown, and Rep. Jim Renacci, who is running against Rep. Betty Sutton in a newly configured House district.
Lodge 141 of the Fraternal Order of Police is housed, along with 446 jail cells, inside the Mahoning County Justice Center, a forbidding brick and steel hulk at the edge of the frayed downtown of Youngstown, Ohio. It’s a humble office, but its proprietors have embellished it with a number of rather pointed political decorations.
Have we finally fixed the 'too big to fail' problem?
A Gallup poll shows that the enthusiasm gap between Republicans and Democrats seems to be narrowing: Jonathan Bernstein cites this as one reason why I might be too bearish on the Democrats' midterm prospects. Well, maybe.
I'm a longtime, enthusiastic fan of the public option. And I am really nervous about its latest rise from the grave. As you may recall, the public option died in December, after Senate Majority Leader Harry Reid dropped it from his reform bill in order to secure the final votes necessary for a filibuster-proof, 60-member majority.
In the last week and a half, Obama has rediscovered his voice on health care--telling audiences he is determined to achieve comprehensive reform, not some piecemeal version, and that he is willing to fight for it. And, administration officials say, the sentiments are genuine. Obama has instructed his staff not to abandon the pursuit of a full reform package, even though, it seems, that's what some advisers would prefer--and even though the Democrats no longer have the sixty votes necessary to break Republican filibusters in the Senate. But rhetoric alone won't get the job done.