One element of the Wall Street reform bill that wasn’t included in the Dodd draft in the Senate was the tax on the largest banks to recoup losses from the TARP, which President Obama called for a few months back. Reuters explains why this proposal could come in handy for Democrats who want to, all [...]

The Wall Street Journal now counts 51 votes in favor of Ben Bernanke’s confirmation for another term as the Chair of the Federal Reserve. If the new regime of just Ben Bernanke requiring 50 votes to pass the Senate holds, then he’s pretty much assured of confirmation. This would explain why a date has been [...]

Via fatster in comments, Iowa Democrat Tom Harkin has become the latest Democrat to oppose Ben Bernanke’s confirmation for a second term at the Federal Reserve. Harkin said Bernanke enabled the financial and mortgage meltdowns of recent years by catering to big financial institutions and not requiring them to behave more responsibly [...] Harkin said [...]