"During the primary campaign, he won support by making the case that the political system, having been captured by special interests, ignores the welfare of ordinary people. Putting together a similar indictment of the financial system seems like a logical next step, and it would help Obama build a mandate for the reforms that he has proposed, such as expanding health-care coverage, reversing the Bush tax cuts, and investing in alternative energy."

John Cassidy, “Loan Rangers” (New Yorker)

Notes, July 28, 2008