Financial Regulation; Goldman Deal; BP Well Capped; Mid-term Elections
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The financial regulation bill that passed has many flaws, chief among them, says Arianna, that it doesn't prevent "too big to fail." Oddly, Tony and Bob agree for different reasons that "the people" lose, in that the lobbyists will get to make the rules. Then, is the Goldman-Sachs settlement a real punishment or mere slap on the wrist? Tony says it's a farce -- in far more colorful language! BP may have capped the blown-out deep-sea drilling well; but really does that mean the end to the devastation? And why are Obama's legislative successes earning him sinking approval ratings?
Banner image: Admiral Thad Allen, National Incident Commander briefs the media on the progress of tests on the Oil Spill Containment Cap on July 15, 2010 in New Orleans, Louisiana. Photo: Sean Gardner/Getty Images
Links:
- Scheer's column on America's 'robber barons' and Obama
- Miller's column on business ingrates' campaign against Obama
- Geithner opposes Elizabeth Warren heading Consumer Protection Agency (Huffington Post)
- Washington Post poll on declining confidence in Obama
- New York Times on fundraising before House vote on financial reform
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