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A patch for Wall Street's bad habits

The Senate is poised to vote this week on amendments to the financial reform bill that will determine whether Wall Street's banks will serve the American economy or whether the American economy will continue to serve Wall Street's banks.

As they prepare to vote, senators might look at the latest report from the Congressional Oversight Panel on the TARP, chaired by Elizabeth Warren. Last week, the panel released a study of how America's banks used TARP funds to provide loans to small businesses. Lending by the biggest banks -- those with assets of more than $100 billion, which received 81 percent of government bailout funds -- declined, while lending to small businesses from medium-size banks, with assets of $10 billion to $100 billion, which received 11.4 percent of the bailout, increased.

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Harold Meyerson Named One of Nation’s Top 50 Columnists!

awardIn September, 2009 Atlantic Monthly named Harold Meyerson one of 50 Most Influential Columnists. Calling its list “its all-star team,” Atlantic Monthly’s Top 50 are the most influential commentators in the nation – the columnists and bloggers and broadcast pundits who shape the national debates. Harold Meyerson is honored to be in their midst.

To get a complete list of the country’s Top 50 Idea-meisters, click here.

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