Letters to the Bouncy Banker...

Letters to the Bouncy Banker...
...from a struggling artiste.

Monday, July 25, 2011

Consumers vs. the Banks-New York Times editorial

In deciding not to fight for Ms. Warren, the president has forfeited the opportunity to stand up to the banks and to highlight their relentless efforts to undermine reform. It is hard not to think that Mr. Obama was worried that choosing Ms. Warren would have cost him and Democratic senators campaign contributions from the banks.

For more on the travails of Ms. Warren read Joe Nocera's article last week in the New York Times.

Mr. Obama, please, PLEASE, stand up for regulation!

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