regulatory reform

Brown-Kauffman and the opportunity for Democrats to put up or shut up

There's a good article on the Huffington Post on the most crucial element of regulatory reform next to the Cantwell-McCain amendment to reinstate Glass-Steagall.

Simon Johnson probably understands this stuff better than anybody on the planet and I trust him and Elizabeth Warren more than anybody else on this matter.

This matters and it should be a no-brainer. And yet, there are a bunch of wishy washy sellout democrats who might support a Republican fillibuster of the idea, including New York Senator Charles Schumer. Normally I like Chuck Schumer, but a failure of leadership on this issue, frankly, makes everything else he does suspect.

You New Yorkers, you should hit Schumer on this and punish him in the next election if he toes the corporate line to fight against the amendment.