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Two done deals: Financial reform and police districts

   Today's Buffalo News Opinion section editorials look at a pair of done deals. One brand new that will need a lot of massaging and overseeing. One 15 years old which, probably, doesn't.

- Finance faces reforms - Buffalo News Editorial
   The deed is done, and it needed doing. It may take several years to find out if it was done right, but there are reasons to like what is in the financial reform bill that Congress approved last week, with hardly Tolesdoingnothing any Republican support at all.
   That fact, of course, is something to dislike -- intensely. It is as though Republicans in the
House and Senate weren't there when the economy collapsed two years ago.
   They wanted nothing to do with fixing the obvious defects in the nation's groaning regulatory system, just as they wanted nothing to do with health reform. Rather than contribute to a desperately needed repair -- it was the entire national financial infrastructure that was threatening to collapse -- they merely tried to obstruct. It was shockingly irresponsible.
   Which is not to say that the bill is ideal. Indeed, it is not even done, since
what Congress has approved is a framework that will be completed over the course of months and years as rule-makers design regulations to complete the structure. ...
   The devil, of course, will reside in the details. A lot of work remains, which opens the door to mischief as well as to thoughtful, important oversight. Rule-makers need to take this job seriously, resisting industry efforts toward weak regulation and insisting upon vigorous but balanced rules.
   Related:
- Reform, Part II - Louisville Courier-Journal Editorial
   Anyone who remembers those terrifying weeks in the fall of 2008 should insist upon strong, effective rules. Indeed, the long-range need may be to toughen the reform law.

- Financial reform bill a victory for consumers - Springfield Republican Editorial
- Bank bill bodes ill for economy - Northwest Florida Daily News Editorial
- They call it Wall Street ‘reform,’ but it isn’t - San Francisco Examiner Editorial
- Economy dealt another blow - Orange County Register Editorial
- Congress Passes Financial Reform - New York Times Editorial
- Financial reforms represent a solid step forward - San Jose Mercury News Editorial
- Poor little CEOs - Daniel Gross/Slate
   The government's giving them everything they want, yet still they whine.

- Precincts or districts? - Buffalo News Editorial
   City Police Commissioner appointee Daniel Derenda’s expressed back-to-the-future preference for police precincts rather than districts would open a host of problems, ranging from the need for more facilities to theories of community policing to the cost to study a possible reversal of the district reforms of prior administrations.
   The comments came during Common Council confirmation hearings on Mayor Byron W. Brown’s appointment, and they should not anchor that debate. The city can’t afford such changes, and at this point the precinct theory should remain an abstract issue less important than the qualifications discussion that has delayed the Council vote.
   But the delivery of police services does deserve frequent review. For now, the district structure still makes the most sense. ...
   Creating more precincts is the antithesis of modern policing, which emphasizes mobile officers out in the streets and not working out of neighborhood precinct houses.
 
   Related:
- Why the secrecy? - Buffalo News Editorial

   Whether you are policing Wall Street or patroling Main Street, a policeman's lot is not a happy one [updated]:

-- George Pyle/The Buffalo News

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Current Affairs | Editorials
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