CHANGE - Finally Obama proposes non-cosmetic "Change I can believe in." We can believe in Paul Volcker's defanging the bank-too-large-to-fail snake.

Financial services market reform will be an ongoing topic in national coverage and on Crabgrass. Much could be said, but for now I will use screenshot and email images for this post. First, edited from this link:



[as always click images to enlarge and read]

The House Financial Services Committee, chaired by Rep. Barney Frank, with Reps. Bachmann and Ellison being Minnesota members, has proposed legislation which Ellison supports, and Bachmann opposes; it being explained by Chairman Frank via committee emails as shown in the three thumbnails - click to enlarge and read.