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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 The GLBA repealed the provisions of the Glass-Steagall Act of 1933 that prevented affiliations between commercial and investment banks,...
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 White House is using the community-development industry as a pawn in a power struggle with the Federal Reserve.
McCain-Feingold bill was a high-water mark in modern Senate deliberation, but it had its share of hyperbole and served to perpetuate a number of exaggerations.
These are exciting times for Congressional junkies, and interesting times (in the sense of the Chinese curse) for Hill leaders.
Divided government is the new reality and itused to mean deals, but more recently, it's meant deadlock.
As we enter the second month of war, we need to keep score on the behavior of our elected leaders; who are the new Churchills and who are the new Chamberlains?



