We are doomed until and unless the Obama Treasury at least insists on not being lied to by the banks it is rescuing. I am not holding my breath. As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
Bankruptcy law. One of those basic establishment liberals who got seriously pissed off and moved a little to the left and became a lot more vocal early in the Bush admin. Early contributor to TPM, and founder of the blog Credit Slips. Her main issues have been the growing burdens on the middle class, and the growing class divide, plus lots of attacks on the banks. The main academic point person in the (failed) attempt to fight bankruptcy 'reform'. Disclosure: I knew her daughter and coauthor fairly well for a while.
