Dodd & Corker\’s Financial Deal: \”Bipartisan\”? Sure. \”Creative\”? Maybe. Effective? No.

Steven Pearlstein of the Washington Post waxed lyrical today about the compromise deal on financial regulations proposed Sens. Dodd and Corker, calling it a \”creative bipartisan proposal.\” It\’s certainly \”bipartisan,\” and it may even be \”creative.\” What it isn\’t is effective. It\’s not just a compromise – unfortunately, it\’s also compromised.