Today there's sensitivity to the dangers of regulatory arbitrage when regulatory regimes widely vary either nationally or internationally -- although, so far, there are few answers to resolve this beyond gestures toward coordination.
Most of us want to be physically fit, but very few of us are. The same holds true with financial security. As my father (and many others) used to say, "A lot of people want to go to heaven but no one wants to die to get there."
It is not whether families earning $250,000 are paying more or less taxes that is of visceral concern. The public still feels they have been held up and the Wall Street perpetrators are laughing all the way to bank.
This week, a group of more than 130 former legislators, both Republicans and Democrats, released a letter urging for civility and encouraging candidates, once elected, to focus on cooperation to face our country's greatest challenges.
Liz Gilbert said of Italy, "In a world of disorder and disaster and fraud, only artistic excellence is incorruptible." I have pondered her insight for weeks. I keep asking myself the essential question. Is the US headed the way of Italy?
Some are dissatisfied with the president for not going through a confirmation process in the Senate with Elizabeth Warren. His concerns were real about getting the 60 votes to override the filibuster that was certain to come from the Republicans.
Why don't we learn from OPEC's success? We have a commodity easily as critical to the world's economy as oil. We have corn, we have wheat, we have soybeans -- all grain crops critical to the world's food supply.
For a decade, Wall Street was playing funny money games, and many Americans also felt like they were invited to the celebration. We were living in fantasy land, but the fantasy is over and we woke up to a nightmare.
One untruth about the President that has had some currency among liberals this summer is that "Obama is out of touch with the middle class." It is not the middle class, but progressives, who Obama is out of step with.
I've been reading Maria Bartiromo's new book, The Weekend That Changed Wall Street. A better title might have been "The Weekend that Changed the World." It was America's chance to bottom out. We didn't.