PoliticsRx Political Prescription

New Wall Street reform in Washington ranges from derivatives, to bank capital requirements and trading-desk spinoffs, to the widely popular consumer agency.

Read More: Wall Street reform’s toughest decisions still to come – Jun. 19, 2010.

Warren Buffet: Why bank reform is needed

“After the last eight years, it’s great to have a President who knows what a library is,” McCartney quipped.

via Former Beatle Sir Paul McCartney takes cheap shot at President George W. Bush at White House event. – HUMAN EVENTS.

In this article:

• Sen. Richard Shelby, Alabama, the top ranking Republican on the Banking Committee objected on the ban that would keep banks from using taxpayer-backed money for trading in their own benefit.
• Shelby objected to reining in predatory payday-lending practices
• Shelby also objected to a ban on naked default swaps, which were at the heart of the crisis

GOP Blocks Three Key Anti-Wall Street Amendments.

Read More: BP hires Cheney spokeswoman to lead PR effort | Raw Story.

Conservative activists show concern that Fox News ownership by Saudi Prince could be “dangerous”.

Read More: Think Progress » Conservative Activists Rebel Against Fox News: Saudi Ownership Is ‘Really Dangerous For America’.