Weak Tea

My assesment of the financial reform bill that recently was released by the conference committee.

It's better than I had hoped when the Senate first got its hands on it, but it is dangerously weak.

And here's a surprise, it doesn't have Blanche Lincoln's derivatives restrictions, which is not surprising, that entire proposal was part of the incumbent protection in the US Congress, and with Lincoln having won the primary, it gets deep sixed.

Brian Buetler looks at and calls it a draw between liberals and the corruption caucus, but that's only if you ignore the fact that the liberals had already ceded meaningful reform to the corruption caucus (and the WH, but I am repeating myself) early in this process.