Can Bashing the Banks Help Obama?

Inside the Administration's populist — and uncompromising — assault on Big Finance

Callie Shell / Aurora for TIME

The no-drama law professor is going populist.

First President Obama proposed new taxes on big banks, blasting the "twisted logic" of Wall Street executives who keep awarding themselves giant bonuses while resisting government efforts to recoup the cost of their industry's bailouts. "Instead of sending a phalanx of lobbyists to fight this proposal or employing an army of lawyers and accountants to help evade the fee, I suggest you might want to consider simply meeting your responsibilities," the President warned.

A week later, Obama...

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