EZRA KLEIN – Democrates have two years to prove that the American political system can work. Two years to show Trumpism was an experiment that need not be repeated. Two years. This is the responsibility the Democratic majority must bear: If they fail or falter, they will open the door for Trumpism or something like it to return, and there is every reason to believe it will be far worse next time. To stop it, Democrats need to reimagine their role. They cannot merely defend the political system. They must rebuild it.
Tag: Dodd-Frank
Beto, We Hardly Knew Ye
NORMAN SOLOMON – As candidates and in office, the last two Democratic presidents have been young, dynamic and often progressive-sounding, while largely serving the interests of Wall Street, big banks, military contractors and the like. Do we need to make it three in a row?
Are Banks Soft-Pedaling Clawbacks?
DAVID MCCANN – At a time when news of banking scandals is uncomfortably frequent, a new report says that last year only 17% of global banking organizations “clawed back†compensation payments previously made to employees. The survey of financial-services institutions by the consulting firm Mercer was not expansive, with only 42 banks participating (in addition to 18 insurance companies and three other types of firms). Still, the results may suggest that regulators are not achieving the objectives of their persistent calls for banks to implement clawback policies.