Financial reform actually passed. Another victory for Obama, despite the furious objection of the other party and their Wall Street masters. Much too late, of course, and not strong enough, but at least they’re turning the Titanic slowly away from the deregulatory daze that got us into this mess in the first place. That’s little [...]

The one most important thing that almost everyone agreed that financial reform HAD to do was to break up the “too big to fail” banks, so that we taxpayers wouldn’t be forced to bail them out again if Wall Street continued its reckless ways. So, of course, that was the one thing the financial reform [...]

Surprise! It looks as though the lobbyists are going to win again. The long-delayed financial reform bill is finally taking shape, with a vastly weakened Volcker rule, which would have kept banks from investing their own money in risky bets on the market, and would have prohibited them from owning hedge funds and private equity [...]

I’m more optimistic now than when I drew this cartoon. The last 48 hours have seen a dramatic turnaround in the chances of the Democrats achieving their agenda. Victory has a way of leading to more victories, and this one may be next. The serious reforms of the banking system proposed by Senator Dodd don’t [...]

I heard a funny thing this morning. Republicans said that if the Democrats go ahead and pass health care reform by the process known as “reconciliation,” or, to us laymen, a majority vote, it would make bipartisan cooperation more difficult in the future. This from the party that has made partisan obstructionism its only strategy [...]

The closer we get to economic recovery, the more difficult it’s going to be to reform Wall Street. Congress has already dithered for almost a year, and still no substantial reforms of the practices that led to the economic meltdown have emerged. For all Obama’s lecturing of the miscreants, he’s done little to force them [...]