To the Point
Whatever Happened to Finance Reform?
The taxpayer bailout of banks that were "too big to fail" was followed up with the promise of finance reform to prevent another Great Recession. Now Republicans in the Senate are threatening to kill a sweeping measure passed by the Congress. Would it go too far? Do Democrats have the strength — or the will — to revive it? Also, a national protest against education budget cuts, and a Senate bill to repeal "Don't Ask, Don't Tell."
By Warren Olney • • 50m ListenThe taxpayer bailout of banks that were "too big to fail" was followed up with the promise of finance reform to prevent another Great Recession. Now Republicans in the Senate are threatening to kill a sweeping measure passed by the Congress. Would it go too far? Do Democrats have the strength — or the will — to revive it? Also, students take part in national protest against education budget cuts, and the Pentagon is studying the impact of ending "Don't Ask, Don't Tell," but some Senators want to repeal it right now.
Banner image: Citigroup CEO Vikram Pandit testifies during a hearing before the Congressional Oversight Panel that was created to oversee the expenditure of the Troubled Asset Relief Program (TARP) March 4, 2010 on Capitol Hill in Washington, DC. Photo: Alex Wong/Getty Images
