FROM Stephen Gandel
Finance Reform under the Microscope A joint committee reached a surprise compromise last week on finance reform, and President Obama wanted both houses to pass it by the Fourth of July. But the death of Senator Robert Byrd deprived Democrats of a crucial vote, and today Massachusetts Republican Scott Brown pulled out , citing a $19 billion fee he called an unacceptable tax.
Finance Reform under the Microscope President Obama calls the finance reform compromise the biggest thing of its kind since the Great Depression, and he wants it on his desk by the Fourth of July. But the sudden death of Robert Byrd means one less Democratic vote in the Senate, and familiar questions are being raised all over again. Could banks still be "too big to fail?" Would consumers get better protection? Why would the mortgage giants Fanni Mae and Freddie Mac be left as they are? Will liberal Democrats or moderate Republicans get cold feet?
Terrorism and tweets, hate speech and murder Just days before an election, Britain is coping with a rash of deadly terrorism, and Prime Minister Theresa May is on the defensive. And again today, President Trump has tweeted criticism of the Mayor of London. Later, a double murder in Portland, Oregon has revealed the ugly past of a supposedly “progressive” city. One immediate question: is “hate speech” protected by the First Amendment?
Janesville and the American Dream Janesville, Wisconsin is the hometown of Republican House Speaker Paul Ryan. But he couldn’t prevent the closing of the General Motors factory after 100 years. On this Memorial Day rebroadcast of To the Point, we hear what’s happened to what once was a model of American middle-class unity.