Subject: What we learned from James Comey
From: "Bloomberg View" <[email-masked]>
To: <[email-masked]>
Date: Fri, 9 Jun 2017 05:03:22 -0400 (EDT)

.footer .iOSLink a {       color: #666666 !important;       text-decoration: none !important;     }      @media only screen and (max-device-width: 480px) {       body {         padding: 10px !important;       }       .one-column p,       .one-column li {         font-size: 19px !important;         line-height: 29px !important;       }     }A daily digest of opinions and analysisWhat We Learned, and Didn't, From Comey's TestimonyAfter a riveting day of Senate testimony on Thursday by former FBI director James Comey, Republicans and Democrats retreated to their respective partisan corners, Ramesh Ponnuru writes. While nothing was settled, Republicans weren't having a very good time, Albert R. Hunt points out. They minimized the significance of President Donald Trump's musings about acting investigations of his administration, but Jonathan Bernstein didn't discern much GOP enthusiasm for supporting the president. Meanwhile, Noah Feldman argues that Comey just gave special investigator Robert Mueller all he needs to open a criminal investigation into Trump's connections with Russia.How to Fix Failed Banks, and How Not ToThree recent bank failures in Europe provide everything we need to know about rescuing banks, says Leonid Bershidsky. It's also more than deciding which ones are too big to fail; who foots the bill when the worst happens is at least as important.Why Sacrifices by the Rich Won't Fix Social WelfareShould the U.S. government help support lower-income Americans by raising taxes on the rich? It's a seductive argument, writes Tyler Cowen. But it doesn't compare proposed anti-poverty policies to the best possible alternatives.Texas Isn't Really the New Saudi ArabiaThe Persian Gulf is in crisis (or almost is, anyway) -- but oil prices seem to be unperturbed by the tensions. Justin Fox says that while some of the world's biggest oil producers have slashed production, markets simply expect to make up for any cuts in supply from elsewhere. Yawn.Before it’s here, it’s on the Bloomberg Terminal. Find out how the Terminal delivers information and analysis that financial professionals can’t find anywhere else. Learn more.Ritholtz’s ReadsWhy you still can’t trust your financial adviser (Bloomberg)What’s it really like to cook for a powerful restaurant critic (Grub Street)Inside the factory building the world’s smallest, cheapest private jet (Wired)(Read Barry Ritholtz’s full daily news roundup here.)Bloomberg GadflyTechnology needs a human touchNordstrom is cheap for a reasonTrump team's bond-trade worries are too late(Read more from BV’s sister site for fast business commentary.)Bloomberg L.P. ● 731 Lexington Avenue, New York, NY 10022Web ● Facebook ● TwitterFeedback ● Unsubscribe

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