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American Prospects
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From American Prospects
The Senate confirmation vote on Richard Cordray this week won?t have much to do with Richard Cordray.
As I wrote when the Senate Banking Committee considered the Cordray nomination back in March, nobody disputes the idea that the former Ohio Attorney General, who has led the CFPB since January 2012, is highly competent and supremely qualified to continue in his position. Nor is the impact of the agency itself in doubt: in 2012 alone, 6 million U.S. consumers received ... Quick Read |
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From American Prospects
It hasn't gotten too much attention given the other things that are going on, but there is a battle looming this summer over the filibuster, one that could be a significant milestone in the already poisonous relationship between the parties on Capitol Hill. As Republicans have moved from filibustering every significant piece of legislation to also filibustering cabinet nominees (something that was extraordinarily rare until now), Democrats' frustration on the filibuster has grown. Senate ... Quick Read |
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From American Prospects
The main item of business before JP Morgan Chase?s annual shareholder meeting, which will convene today in Tampa, is whether JPM CEO Jamie Dimon will be stripped of his additional post as chairman of JPM?s board of directors. A range of institutional investors concerned about the over-concentration of power atop the nation?s most powerful institutions, and upset by the $6 billion loss JPM took last year at its London trading desk, won roughly 40 percent shareholder support last year to ... Quick Read |
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From American Prospects
AP Photo/Ebrahim Noroozi
In testimony last week before the Senate Foreign Relations Committee and House Foreign Affairs Committee, Under-Secretary of State for Pol ... Quick Read |
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From American Prospects
As we trudge through the swamp of disappointment that characterizes Dodd-Frank implementation, the liberal commentariat has lately seized upon a new meme; Wall Street lobbyists are responsible for gutting Dodd-Frank behind closed doors. Big-pocketed firms deploy phalanxes of clever lawyers and influence peddlers that easily outpace reformers, ensuring that the regulations ultimately written are sufficiently de-fanged to allow the financial ... Quick Read |
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From American Prospects
AP Photo/Carolyn Kaster
No. 1: The Fixer
Patty Murray may be the dullest, most unremarkable member of the United States Senate. Two decades in, she lacks any major legislatio ... Quick Read |
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From American Prospects
Over the weekend, the Obamas?both Barack and Michelle?gave commencement speeches to historically black colleges and universities. At Bowie State University in Maryland, the First Lady mixed praise and encouragement with the kind of moral scolding that is familiar to anyone who has spent time with a certain generation of African Americans:
But today, more than 150 years after the Emancipat ... Quick Read |
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From American Prospects
Over the last week and a half of scandal-mongering, most people on the left have agreed on the basic contours of the story. Benghazi isn't a "scandal," because tragic as the killings there were, there's no evidence of malfeasance on the part of Obama administration?no crimes, no cover-up. (And no, interagency bickering over talking points does not constitute a cover-up). The IRS, on the other hand, is potentially scandalous, there having almost certainly been inappropriate behavior on the part ... Quick Read |
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From American Prospects
Breaking news: according to a report in today's Washington Post, Hillary Clinton's chances of winning the presidency in 2016 have increased by approximately a zillion percent, due to the fact that her former chief strategist Mark Penn, quite possibly the most incompetent and generally hackish consultant in U.S. political history, will not be working for her should she run again. Nor will any of her other senior advisers from 2008, which seems just ... Quick Read |
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From American Prospects
Over the weekend, the New York Times published a comprehensive, deeply-reported look at the Internal Revenue Scandal. Far from finding evidence of a White House aiming to undermine its opponents, the Times uncovered a much more banal story?that of an understaffed and under-resourced agency, straining to do its job in difficult circumstances. Here?s the Times with more:
Overseen by a revolving cast of midlevel managers, stalled by miscommunication with I.R.S. lawy ... Quick Read |
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