The Post knows how to use attention grabbing headlines, unfortunately this one is not supported by the substance of the article. The big banks were surely unhappy about allowing states to set regulatory standards that exceed national standards, but given all the other victories that they have been scoring in the battle over regulatory reform, it is a bit of leap to tell readers that they are “losing power.”

–Dean Baker

Dean Baker is senior economist at the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, including Rigged: How Globalization and the Rules of the Modern Economy Were Structured to Make the Rich Richer. Read more about Dean.