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During the recent campaign season, the Democrats blamed the financial crisis on “Republican deregulation,” in particular the Gramm-Leach-Bliley Act of 1999 (GLBA) and the Commodity Futures Modernization Act of 2000 (CFMA). The GLBA repealed the provisions of the Glass-Steagall Act of 1933 that prevented affiliations between commercial and investment banks,...
A fractious rollicking debate at the Venetian in Las Vegas tonight, sponsored by the Western Republican Leadership Conference and anchored by CNN's Anderson Cooper, who asked crisp questions and let the candidates go at each other. How did they do? Some first impressions.
Surveys show Americans are actually less upset than they were a dozen years ago.
Why Iowa? Nothing in the Constitution says that Iowa gets to vote for president before any other state. It just does.
With the congressional "supercommittee" now complete, the stage is set for a very high drama indeed. Now comes the moment when Americans must confront the costs of remaining the world's sole superpower, the guarantor of an international system that has created a generation of great-power peace, widespread prosperity, and unprecedented human liberty.
The federal government has yet to adopt a strategy to avoid the impending bankruptcy of the Medicare program.
Regulators should insist that CRA-type payments made by bank management go for services rendered and are not de facto political contributions or extortion payments.
The G20 summit did little harm, but it did little to save the world, either. Leaders did not come to terms on fixing the banks, and until that happens, the world economy will continue to stagger along.






