Wall Street is a big target – blamed for the financial crisis that led to the Great Recession. Mitt Romney says efforts to rein in financiers via more regulation are an attack on “economic freedom.” President Obama says new regulations would make it “more profitable to play by the rules than to game the system.” Here are three specifics on which the two differ.
Time Warner Cable's CEO, on the job since Jan. 1, could get $80 million for work on the Comcast merger. But Dodd-Frank law gives shareholders a (nonbinding) vote on whether it's excessive.
Many economic indicators are doing well. Yet Americans say they lack certainty about the future, perhaps starting with trust in government handling of the economy. The uncertainty gap needs to close.
Five years after the worst crisis since the 1930s, America has devised safeguards and changed the rules of Wall Street. But could the country really avoid another financial collapse?
Repealing laws by hollowing them out – failing to fund their enforcement or implementation – works because the public doesn’t know it’s happening, Reich writes. Enactment of a law attracts attention; de-funding it doesn’t.
Why are politicians so sensitive to public opinion on equal marriage rights, immigration, and guns – Reich asks – and so tone deaf to what most Americans want on the economy?