Rule by the Better Kinds of Mob

America's Last Good Mob RulerJoseph J. Ellis takes an historical approach to the notion, that American politics should become more partisan and imitate the Westminster model.

Did they want people to organize into parties?

FinReg: From Potty Training to World Government

For at least a pair of views on the Wall Street Reform and Consumer Protection Act, or Dodd-Frank, or FinReg, a helpful place to start is Chris Hayes’ The Breakdown: Will the Financial Reform Bill Prevent Future Meltdowns? with Mike Konzcal.

Mike’s got you covered. He breaks the crisis down into four interconnected sectors: an exploitative, under-regulated system of consumer finance; dark markets in derivatives; the failures of “too big to fail” banks and the ripple effects they caused; and shadow banks that were able to avoid regulations (and also lacking, as Mike says, the “toilet training” necessary to behave).

The Truth about Tax Cuts and Deficits (Video)

It’s a re day when The Economist and Rachel Maddow agree. But, tax cuts swell the Federal budget deficit.

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