Arkansas Senator Blanche Lincoln wants to force banks to put their derivatives into separate entities that aren’t subsidized by the general public. Considering such a change would cut dramatically into big banks’ profits, does she stand a chance?
If Washington knew what was good for it and the nation, it would sever its financial connections with Wall Street. Better yet, it would enact legislation seeking to limit the impact of corporate money in politics. But that's not happening any time soon.
"Too big to fail" means too much political leverage and too much power over Washington.
Former Fed Chairman Alan Greenspan and Larry Summers, director of the National Economic Council, bear much of the responsibility for the conditions that lead to the financial crisis.
Republicans are heading into the mid-term elections with an enthusiastic, energized base. Democrats can't say the same.