Today in The Nation: COP on the Beat: "Christopher Hayes Tough love from the Congressional Oversight Panel involves ripping the Band-Aid--otherwise known as TARP--off the mortally wounded banking system.
"Someone said to me, You're describing ripping the Band-Aid off all at once, and we're saying how 'bout we just keep peeling the corners off a little at a time--ouchy, ouchy, ouchy--and maybe we can adjust as we go along," Warren tells me. "Sweden ripped the Band-Aid off all at once, and Japan took ten years. But the Band-Aid had to come off."
"Who are we trying to protect here?" she asks. "Is it a banking system that is in service to American families and the economy, or is it the American families and the economy in service to a banking system? I know what I think the answer should be."
(Via The Nation: Top Stories.)
