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nytimes.com - 23 days ago
Geithner's Regulation Plan for Big Finance Firms Criticized
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Sheila Bair, the F.D.I.C. chairwoman, said the proposed regulator “lacked sufficient authority to effectively address systemic risks.”

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The Caucus:  The Early Word: Health in the House

Firedoglake:  Jobless Rate Hits 26-Year High: Does Obama Have an Economic Team? Where’s Their Jobs Program?

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The Early Word: Health in the House
The Caucus — ... goes to the stimulus package. “Now the question is whether growth can continue without that support,” the two write. Too Big to Fail: The Times’s Stephen Labaton reports on the tension between the White House and some lawmakers and regulators that surfaced at a Thursday House hearing over the administration’s plan to deal with large financial institutions whose failure could threaten the entire financial system. Presidential Daybook: President Obama’s schedule is light on the public events on Friday, appearing only for a signing ceremony for legislation ...

Jobless Rate Hits 26-Year High: Does Obama Have an Economic Team? Where’s Their Jobs Program?
Firedoglake — ... together and improve the health reform bill. It’s not about Obama’s agenda; it’s about their platform for 2010. The next jobs/stimulus bill should be drafted now and signed before Christmas, even as they push to get a better health reform bill out as soon as they fix the political mess that Baucus/Rahm left Reid. A financial regulatory reform bill should be right behind, one strong enough to convince Geithner and Summers to resign. Perhaps Congress now understands what a liability they’ve become. If the House can’t ...

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