FROM Doug Rediker
President Obama Wants New Rules for Wall Street Just one day after President Obama unveiled his proposed overhaul of financial regulations, Treasury Secretary Tim Geithner was called to defend it on Capitol Hill.
President Obama Wants New Rules for Wall Street Just one day after President Obama unveiled his proposed overhaul of financial regulations, Treasury Secretary Tim Geithner was called to defend it on Capitol Hill. Would the Federal Reserve get too much power? Could banks, insurance companies and investment houses still get “too big to fail?” Would a new agency protect financial consumers against excessive risk? Would complex derivatives still have the potential to wreak havoc? These are just some of the questions being asked about the President's overhaul of the financial system, released yesterday and already under assault. Would it prevent another financial meltdown, stifle the entrepreneurial spirit or just return to business as usual?
Mixed Messages from US diplomats on the new hard line on Syria Since President Trump's surprise retaliation against Syria's use of chemical weapons, Bashar al-Assad has used the same airport to launch conventional attacks on his own people. It's not clear what the US, its allies — or Vladimir Putin's Russia -- plan to do now.
"Tough on crime" rhetoric sees a revival at Sessions' DOJ The pendulum swings between treatment-focused approaches to drug abuse and tough law enforcement. Now, after years of Obama-era "reforms," President Trump’s Attorney General, Jeff Sessions wants local police freed from federal restrictions to fight another "war on drugs."