In a 2016 campaign season already dominated by candidates’ pursuit of Wall Street donations, how to regulate the banking sector remains one of the most pressing issues facing the country. The Glass-Steagall Act is becoming, and should remain, a key part of the debate.… Read More
Hearings held to investigate the crash of 1929 led to the passage of the Glass-Steagall Act, which fundamentally restructured the banking industry. Can the FCIC hearings, which get underway today, help to bring it back? … Read More
Twelve days before the Iowa caucuses, the New York Times Magazine cover, in large white letters on a deep black background, carried the single word title of its lead article: Clintonism. In the article Matt Bai, the Times reporter on all things Democratic, with a big D, made one undeniable assertion and two highly debatable ones.
Bai’s contention that Bill Clinton’s "wife’s fortunes are bound up with his, and vice versa" is incontestable. The primaries and even more so the general election, if Hillary is the nominee, will be a referendum less on Hillary than on Clintonism, the philosophy and strategy that guided the White House for eight years. Hillary clearly welcomes such a prospect, as demonstrated by her constantly reminding voters that she was "deeply involved in being part of the Clinton team."