When you hold 90% of the market in something, how do you get out of it without tanking prices? That’s the problem the U.S. faces with Fannie Mae and Freddie Mac, which requested $3.1 billion more in aid from the Treasury Department Friday as part of their ongoing conservatorship with the federal government. On the one hand, there’s a …
Financial Regulators Have the Juice, But Feel the Squeeze
Back in November, when President Obama announced his proposal to freeze pay for non-military federal workers, I speculated a bit about the effect that might have on relatively young financial regulatory efforts:
…filling out personnel in the new financial regulatory regime created by Dodd-Frank is crucial to the efficacy of law. While
…
Annals of Fleeing State Legislatures, Autodefenestration Edition
Apparently, one very famous Republican made a name for himself by taking flight to deny his opponents a quorum:
That’s when Lincoln determined to keep the legislature in session in order to buy precious time for the bank to find a way to survive, and that’s how he jumped into the national limelight on December 5, 1840. On that date,
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Morning Must Reads: Disappointment
AFL-CIO President Richard Trumka talks with Treasury Secretary Tim Geithner during a meeting of the President’s Council on Jobs and Competitiveness at the White House on February 24. (REUTERS/Kevin Lamarque)
–Senate Democrats weigh which cuts they’ll agree to, which is the essential question in ongoing budget debates, shutdown or …
While Claiming Transparency, White House Skirts Transparency Questions
After arriving in office, President Obama took a major step towards shining new sunlight on the comings and goings of lobbyists entering the White House grounds. As of January 28, 2011, there are now more than 1 million secret service visitor logs posted online by the White House, with an easily searchable and downloadable database. It …
Sarah Palin Wins On National Security, Mitt Romney Hurts On Social Issues
Gallup keeps bringing the hits. Today it has a breakdown of early Republican primary polls by the top issues among potential voters. First the qualification: Primary polls this early are poor indicators of results. At this point in 2007, Rudy Giuliani led the GOP field and Hillary Clinton had a virtual lock on the Democratic nomination. …
Psy-Ops Scopes Senators, But a Cover-Up Could Be the Real Scandal
By TIME contributor Mark Benjamin
Rolling Stone‘s Michael Hastings has penned another potential career-ender for a U.S. Army general. In this case, however, the most riveting aspect of Hasting’s expose on Lt. Gen. William Caldwell, a three-star general in charge of training Afghan troops, isn’t Caldwell’s possible crimes, it is the …
Understanding Muammar Gaddafi’s View Of Obama Through Wikileaks
It has been quite a ride, watching the pop-political entertainment machine try to slice the Arab Spring into easy partisan talking points. Glenn Beck has his democracy-is-bad-for-Muslims, Google-is-pushing-dominos-to-the-caliphate theory. Sarah Palin came forward with a muddled call for more transparency from the White House, followed by …
Ensign: In Defense of Prostitution
Yesterday, Senate Majority Leader Harry Reid gave a somewhat ill-received speech before the legislature in his home state of Nevada. Reid argued why “the time has come to outlaw prostitution.” Nevada is the only state where the world’s oldest profession is legal in some counties and there are 28 brothels in the state. In the audience was …
“The knowledge of basic civics is pretty low.”
It’s no secret that Democrats aren’t always great at communicating their message to the public, especially when it comes to health care. Poll after poll has shown this. At the height of the health care debate, Americans remained confident in their work-sponsored health insurance, even though it’s being eroding and Democrats were …
Morning Must Reads: Unions
President Obama speaks about Libya at the White House while Secretary of State Hillary Clinton listens on February 23. (REUTERS/Kevin Lamarque)
–Wisconsin Democrats and Republicans strike a deal that could end the deadlock in the Assembly today. Democratic senators are still on the lam.
–Robert Costa pens a friendly history …
Obama Threatens Gaddafi with “Accountability”
How do you restrain a megalomaniacal despot with unlimited funds who has a history of slaughtering innocents and could disrupt energy flows from the world’s 9th largest petroleum exporting country? President Obama took a stab at it this evening, using the threat of “accountability” repeatedly in brief remarks from the White House. But …
Mrs. Smith Doesn’t Go to Washington
When it comes to legislators, men are to be expected and ladies are to be exceptions. We may see a lot of Sarah Palin on TV, but the inordinate amount of coverage she gets really just goes to show how folks become atwitter when a woman, much less a Republican one, walks onto the national political scene. Her sudden emergence in 2008 …