Financial Regulation and Related Matters:“Secret Tapes Hint at Turmoil in New York Fed Team Monitoring JPMorgan.” Jake Bernstein of ProPublica.
“Smoke and errors – Fed transparency and bank supervision: Critics of US central bank suggest more scrutiny is needed.” Tom Braithwaite of the Financial Times.“The Fed Needs Governors Who Aren’t Wall Street Insiders: With two vacancies to fill, Obama should pick nominees who will look out for Main Street, not the big banks.” Wall Street Journal op-ed by Senators Elizabeth Warren and Joe Manchin.
“George Painter, administrative law judge who criticized his own agency, dies at 87.” This is an article about a former CFTC administrative law judge who recently died. The CFTC had some serious problems with its ALJs in 2010. See my October 2010 posts about this.“After Criticism, Fed Will Study Wall St. Oversight.” New York Times article.
“Enough Is Enough: The President's Latest Wall Street Nominee.” Senator Elizabeth Warren explains why she opposes the nomination of Antonio Weiss to be Under Secretary of the Treasury for Domestic Finance.“Senator Elizabeth Warren’s Misplaced Rage at Obama’s Treasury Nominee.” Andrew Ross Sorkin of The New York Times doesn’t think much of Senator Warren’s opposition of Antonio Weiss. While having no opinion about Mr. Weiss, I don’t think much of Sorkin’s article. I do, though, agree with Sorkin that having worked for an investment bank should not be an immediate disqualification for the Treasury position. Mr. Weiss seems to be caught in the crossfire of a fight among Democrats as this New York Times article indicates: “Liberal Treasury Nominee’s Wall St. Prowess May Be a Vulnerability.” A blog post at the Center for Economic and Policy Research also criticizes Sorkin’s article – “It Would Take a Lot of Mismanagement to Raise the Cost of Treasury Debt by ‘Just’ 20 Basis Points.”
The Affordable Care Act:“The Policy at the Heart of the Jonathan Gruber Controversy.” Neil Irwin of The New York Times.
“Grubergate is really Obamacaregate.” Ezra Klein of Vox.“‘Grubergate’ Is Giving the Supreme Court Cover to Destroy Obamacare.” Brian Beutler of The New Republic.
“The worst two paragraphs about American politics you'll read today.” Matthew Yglesias of Vox.“Obamacare’s biggest obstacle now may be its public image.” Catherine Rampell of The Washington Post.
“Here's Why Conservatives Will Never Give Up Their War on Obamacare.” Brian Beutler of The New Republic.“What Jon Gruber's Quotes Really Tell Us About Obamacare—and American Politics.” Jonathan Cohn of The New Republic.
“People Who Wanted Market-Driven Health Care Now Have it in the Affordable Care Act.” Alice Rivlin of Brookings.Immigration:
“Legal Panel at Federalist Society Begrudgingly Accepts Obama's Immigration Powers.” Sam Stein of The Huffington Post.“An Imperial President? Hardly. The smarter Republican response is to pass their own legislation, not howl in protest.” Jacob Weisberg of Slate.
“It’s Legal: The underpinnings of the president’s immigration plan are anything but radical.” Walter Dellinger writing for Slate.“The GOP Reaction to Obama's Immigration Order Will Be Way More Damaging Than They Realize.” Noam Scheiber of The New Republic.
“Suffer Little Children.” Paul Krugman column on immigration in The New York Times.CIA and NSA:
“Torture Report Fight Erupts In Chaos.” Huffington Post article.“Mark Udall to consider all options to reveal CIA torture report.” Denver Post article.
“Senate Democrats Clash with White House on C.I.A. Torture Report.” New York Times article.“Senate Torture Report Talks Break Down As Administration Pushes For Redactions.” Ryan Grimm and Ali Watkins of The Huffington Post.
“NSA Debated Phone Tracking Before Edward Snowden Leaks.” Ken Dilanian of the Associated Press.Ferguson:
“Ferguson isn’t about black rage against cops. It’s white rage against progress.” Carol Anderson writing for The Washington Post.“What Ferguson Means: The View From Abroad.” Huffington Post article.
“The law may have spoken but the Ferguson verdict is not justice.” Gary Younge writing for The Guardian: “The trouble is that the United States, for far longer than it has been a ‘nation of laws’, has been a nation of injustice. And in the absence of basic justice such laws can amount to little more than codified tyranny. When a white cop, Darren Wilson, shoots an unarmed black teenager, Michael Brown, dead and then is not indicted, the contradiction is glaring. For a world where it is not only legal for people to shoot you dead while you walk down the street, but where they can do so in the name of the law, is one in which some feel they have nothing to lose. And, in the words of James Baldwin: ‘There is nothing so dangerous as a man who has nothing to lose. You do not need 10 men. Only one will do.’”“It’s Incredibly Rare For A Grand Jury To Do What Ferguson’s Just Did.” Ben Casselman of FveThirtyEight.
“Bob McCulloch’s pathetic prosecution of Darren Wilson.” Dana Milbank of The Washington Post.“How Not to Use a Grand Jury.” Jeffrey Toobin writing for The New Yorker.
“A Closer Look at Officer Wilson’s Testimony.” John Cassidy of The New Yorker.“Chronicle of a Riot Foretold.” Jelani Cobb writing for The New Yorker.
“Ferguson: An American Dilemma.” John Cassidy of The New Yorker.“America's Budding Police State.” Clive Crook writing for Bloomberg View.
“Officer Darren Wilson's story is unbelievable. Literally.” Ezra Klein of Vox.Miscellaneous:
“Behind the G.O.P.’s Misleading Shutdown Statements.” David Firestone of The New York Times.“You’re Wrong, You’re Wrong, You’re Definitely Wrong, and I’m Probably Wrong, Too: What it was like to edit The New Republic at its most contentious.” Hendrik Hertzberg writing for The New Republic.
“What Keystone Really Creates: Talking Points for Republicans.” David Firestone of The New York Times.“Argentina’s Case Has No Victors, Many Losers.” Floyd Norris of The New York Times.
“There’s a Giant Contradiction at the Heart of the U.S. Economy.” Neil Irwin of The New York Times.“United States: U.S. District Court Finds Transfers of Secured Debt by MERS Subject to Pennsylvania Recording Requirements.” Brian J. Levin article at the Mondaq website. Legal issues involving MERS and the separation of a mortgage from a promissory note continue to be considered by the courts.
“A Potent, Overlooked Greenhouse Gas.” New York Times editorial.“Wait! The right wants a new CBO director after all.” Lori Montgomery of The Washington Post.
“Wonk Wars: You may not know who runs the Congressional Budget Office, but Republicans may go to blows over who gets to run it next.” Betsy Woodruff of Slate.“Keynes Is Slowly Winning.” Paul Krugman blog post.
“Counting Benghazi Blessings.” Gail Collins of The New York Times.“Get Real, Boris Johnson!” Roger Cohen of The New York Times on the IRS problems of the mayor of London.
“Judge on the Spot.” Linda Greenhouse writing for The New York Times.