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Too hard on the banks. In his confirmation hear, he said that he would, quote, continue to consider appropriate ways to ease regulatory burdens. When i asked him if there was a single financial rule he thought should be stronger, just a single provision in one of the feds dozens of rules where there might be an unintended loophole or where an inknow stative product has innovative product has introduced a new risk into the system, he couldnt name a single one, not one. And my questions for the record, i also asked governor powell about a report that the Treasury Department put out last june. Now, this report was really just a cut and paste job of the banking lobbyists wish lists for rule rollbacks. Governor powell do not identify any recommendations in that report that he disagreed with. Again, not a single one. And thats not all. At governor powells confirmation hearing when my republican colleague senator kennedy asked him a ....
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I have restrained myself from penning this piece for months because I wanted to let the sleeping dogs lie. But I have had a change of mind. Indeed, like Maya Angelou, the idea for writing this piece is so that "people hear it and it slides through the brain and goes straight to the heart.” ....