Angry senators grilling Goldman Sachs executives on Capitol Hill fueled a firestorm that could break the GOP's latest filibuster.
In a speech yesterday at New York's Cooper Union college, President Obama, literally in the shadow of the center of world finance, declared that "the crisis was born of a failure of responsibility from Wall Street to Washington."
Labor and progressives warn against the danger of moves on Capitol Hill to weaken finance reform.
The GOP's back room talks with Wall Street began to explode in the faces of Republican senators yesterday.
Big banks appear to be much more worried about a clampdown on their derivatives gambling schemes than they are about a consumer protection agency.