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He's taken a mandate and through action or inaction turned it into, well, shit.
Oh sure, things could be much worse, but he's wasted a ton of time playing politics and footsy with the nutter teabaggers instead of driving through, hard, what he should know needs to be done.
But by late April Obama had vetoed the idea, fearing that it would look vindictive and, possibly, inflame his predecessor.
Secretary Geithner, with tons to do, didn't really have the time. had already written a plan that left regulation vague, had no real clearing authority or trade reporting (price quotes).They are Americans who are actively discriminated against by federal laws.If the president is to properly honor the memory of Stonewall, he should get up to speed on what happened there 40 years ago, when courageous kids who had nothing, not even a public acknowledgment of their existence, stood up to make history happen in the least likely of places.Posted by mcblogger at PM | Comments (0) | Track Back With the President caving in to Republicans and Blue Dogs unnecessarily, you'd think on some level he'd develop a spine on a simple civil rights issue.
But that's not, as Frank Rich astutely points out, the case.Goldman Sachs Group Inc., JPMorgan Chase & Co., Credit Suisse Group AG and Barclays Plc sent the Treasury a plan written in February saying the Federal Reserve should extend bank regulation practices to companies and hedge funds, according to a document obtained by Bloomberg News and confirmed by the Treasury.