Comment of the day
Commenter Jackrabbit on Matt Stoller's piece at Yves' place about the problematic process of crafting Dodd-Frank*:
Yes, it is interesting and instructive that the Obama Administration found the courage to fight for Bernanke (“Subprime is contained”) vs. the lack of interest to fight for Warren.
We’re not suppose to make these connections. It’s “settled business” as some dimwit recently commented the other day when castigating Yves because she wouldn’t STFU about Warren.
But one difference? As Stoller notes, President Fuck You's fight for Bernanke's reappointment was "below-the-radar" (although "bitter"). The difference? For Bernanke he was fighting members of his (allegedly) own party, for the most part.
* That is, as he describes, the process of crafting Dodd-Frank so that it would not do anything meaningful to avert future financial meltdowns, even prior to having its few teeth pulled.