Congress Wasn’t Always Afraid to Take on Banks

Mike’s piece today on the failure of Congress to pass a mortgage cramdown bill — which would allow bankruptcy judges to modify loans and is a major element of the Obama administration’s plan to deal with the foreclosure crisis –clearly demonstrates the continued clout of banks and the cowardice More…

Epitaph to an Era of Big Government Contracting

Thomas Frank has a terrific op-ed in the Wall Street Journal today, praising President Obama’s recent presidential memorandum declaring the end of an era of unrestrained government outsourcing.

The president “meant to put the kibosh on the GOP’s favorite method for spreading the wealth around,” Frank writes, noting the More…