There's been some interesting news the last few days.
1. Evan Byah retiring.
For some odd reason, he's being portrayed as a centrist democrat. I think Bill Mahar is right on labeling him a corporatist.
2. Frontline Program on Derivatives Regulation
They ran a great overview of the political and personal dynamics that underlies how the fierce opposition to regulating derivatives led to the financial implosion. They did a good job of showing how Brooksley Born was demolished in her attempt to promulgate regulating derivatives. Those who have followed this story have known about her efforts for over a decade. This show first aired in October '09.
Frontline on derivatives.
3. De-regulation under Clinton and U.S. Employment
I hope - but sadly doubt - that this story helps to re-write the role of Bill Clinton in de-regulating so much of the economy and thereby help set up the massive financial implosion and job exodus from the U.S. to China. Frontline did a story some time ago titled "Is Wall-Mart Good for America?" That program lays out the domestic economic impacts of the Clinton's trade policy with China that opened the door to massive job exodus to China, largely to the benefit not of consumers but of Wall-Mart stock holders.
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