The big banks face a choice. They can agree to sensible reforms that protect consumers and rein in the excesses of the past decades. Or they can simply decide to screw customers, but do it openly this time.
In spite of announcing a "recall," all Toyota has done is to issue some warnings, to state that they're "working on" a solution, and to instruct me to be alert to the problem. In this "recall," I'm being told to keep driving my car.
It's time to reset the debate and get specific about what the CFPA might actually do. Here is my "Top 10 Must-Regulate" list -- the top products and services the CFPA should take on to protect consumers.
Since Democrats are taking some time to figure out what to do next, we shall do the same here, and skip over the entire health care reform subject, after highlighting two hilarious commentaries on the situation.