The Harvard lawyer and consumer advocate will help set up a new oversight bureau with vast regulatory powers.
Thought the financial crisis only cost taxpayers $700 billion? Think again. New reports have shown that, at one point last year, the government had lent, spent or guaranteed $12.8 trillion to Wall Street.
A growing number of senators insist we should do more to reduce the size and limit the leverage of megabanks. But the debate might never reach the Senate floor.