Legal Commentary

What's Next?

By Big Tent Democrat

Now that health care issues are basically tabled for the next decade (What? You think there will be more legislation like the Grayson Medicare for all bill? Dream on), what is next on the agenda? Let's hope some good old fashioned economic populism from the Dems. The best vehicle is financial regulation:

Sen. Chris Dodd, D-Conn., unveiled a bill Monday to overhaul the U.S. financial system, proposing new powers for the Federal Reserve to oversee the nation's largest financial firms; a consumer protection agency housed within the Fed; and a new systemic risk council headed by the Treasury Secretary to identify and monitor complex firms that could pose a threat to the country's financial stability.

Dodd's bill is entirely inadequate. Both on substance and politically. A lot of work needs to be done on this.

Speaking for me only

Full post as published by TalkLeft on March 22, 2010 (boomark / email).