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
In this episode
3 storiesStudents Join National Protest against Education Budget Cuts
Students and professors are challenging administrators and legislators today in more than 100 protests in 32 states. The protest movement was born in California, where the University has seen a billion dollars in budget cuts in the past two years, at the same time tuition and fees have been on the increase.
Read the story7 minWhatever Happened to Finance Reform?
It's more than a year since the collapse of Lehman Brothers . Among the casualties of the Great Recession are millions of home-owning, credit-card holding consumers exploited by banks regarded as "too big to fail."
Read the story36 minSenate Group Wants Repeal of 'Don't Ask, Don't Tell'
President Obama wants to end "Don't Ask, Don't Tell." The Pentagon has asked more time for review, but yesterday 13 senators -- Independent Joseph Lieberman of Connecticut and 12 Democrats -- introduced a bill to repeal the policy that prohibits homosexuals from serving openly in the military.
Read the story7 min
