Re: With Financial Reform, What Becomes Of New York?

This morning, the New York Post put an editorial on its front page, with giant wood: Dear Mr. President DON’T KILL THE GOLDEN GOOSE City economy imperiled in the name of ‘reform’ Good stuff. The editorial continues: “One in 12 working New Yorkers are connected to the financial sector, which generates fully 40 percent of [...]

Morning Must Reads: Ifs, Ands or Buts

Official White House Photo by Samantha Appleton –Obama will make a his case for financial reform “in the shadow of Wall Street” today at Cooper Union. A taste: I believe in a strong financial sector that helps people to raise capital and get loans and invest their savings. But a free market was never meant [...]

In the Arena

Latest Column

A follow-up on last week’s cover story, with some broader conclusions about the war in Afghanistan.

What’s in a Debate?

An excellent primer lies below from TIME’s London bureau chief, Catherine Mayer, of what to expect from Thursday night’s second ever debate of British prime ministerial candidates. The first debate catapulted Nick Clegg into newfound stardom – he’s even overtaken or tied Prime Minister Gordon Brown in some polls — so it’ll be interesting to see [...]

1000 Words: Handcuffed To The Fence

For more on what happened click here.

A Bit Of Bipartisanship Breaks Out On Financial Regulatory Reform

Much has been made of Sen. Blanche Lincoln’s decision last week to abandon bipartisan negotiations in the Agriculture Committee and support a tough bill on derivatives. This morning, the full Ag Committee met to consider her proposal, and it passed out of committee–with a surprise Republican vote. Republican Senator Chuck Grassley of Iowa joined Democrats, [...]

With Financial Reform, What Becomes Of New York?

There is a regional subplot playing out in the debate for financial reform. Here are some clues: White House Chief of Staff Rahm Emanuel just flew up to New York to meet with investors. Senate Minority Leader Mitch McConnell spent part of his recess meeting with big financiers in New York. President Obama will head [...]

Morning Must Reads: Indefatigable

Official White House photo by Pete Souza –Marco Rubio is the subject of an IRS probe into whether alleged use of Republican party credit cards for personal expenses warrants criminal charges. A wider federal inquiry involving the U.S. attorney, FBI and IRS has been launched into the Florida GOP’s expenses. The latest wrinkle in an [...]

Re: Re: Playing Politics With Goldman

I would point out two things about the SEC suit: The investigation began well before Obama was elected president and Goldman was warned in July 2009 — hardly the height of financial reform debate — that charges were coming. From the Wall Street Journal: Goldman said it first heard from the SEC about the investigation [...]

RE: Playing Politics With Goldman

Republicans have been crying foul over the timing of last Friday’s Securities and Exchange Commission announcement of an investigation into wrong doing by Goldman Sachs. Yes, the timing – just as the Democratic push for financial regulatory reform seemed doomed and just as Goldman’s stock was approaching something close to where it was before President [...]