Archive for February 25th, 2010
Toyota president apologizes under fire of U.S. officials
From the moment the witnesses raised their rights hands and bowed their heads, through the halting mistranslations and the offerings of "konnichiwa" -- good afternoon -- it was clear that the normal rituals of a congressional hearing would be bent, if not broken.
Obama may compromise on consumer agency to pass financial regulation
The Obama administration is no longer insisting on the creation of a stand-alone consumer protection agency as a central element of the plan to remake regulation of the financial system.
Bernanke seeks to preserve Fed’s power by compromising with Congress
Federal Reserve Chairman Ben S. Bernanke launched a wide-ranging effort Wednesday to fend off congressional efforts to take powers away from the central bank, laying out a series of compromises and olive branches meant to defuse lawmakers' criticism.
