Remember Reform: Finances And The Street

It seemed a no-brainer that Congress would substantially re-regulate the insurance and investment banking marketplace, but Congressional Republicans had vowed to block all legislative initiatives pushed by the President, and they held firm. Financial reform, like every other piece of legislation in the last two years, had to clear the unprecedented legislative hurdle of finding 60 senators to approve cloture. Just like health care reform, cap and trade, and the stimulus, financial reform would not be allowed to come to an up or down, democratic vote. The most amazing legislative accomplishment of the last two years, built on the backs of working voters assaulted by Wall Street, was the Republicans' success at turning the United States into [Read the rest of this article...]