I missed this article by Thomas Frank yesterday in the Wall Street Journal: Last week, Republican presidential candidate John McCain called for a commission to “find out what went wrong” on Wall Street. It was an excellent suggestion: Public inquiries into Wall Street practices served the country well in the 1930s. And Mr. McCain has […]
Will McCain Denounce His Own Party?
So we have this bailout that is needed for Wall Street to survive. The only problem is that Wall Street wants the plan carved their way or no way. From the WSJ: House Republican staffers met with roughly 15 lobbyists Friday afternoon, whose message to lawmakers was clear: Don’t load the legislation up with provisions […]