Financial policymakers focused on rewriting the rulebook for financial markets have spent months debating issues related to consumer protections, systemic risk regulation and regulatory co-ordination. But none of these is as important as what to do when a large financial institution is failing.

Just as Sen. Max Baucus’s health reform bill recently came under fire from the hospital lobby , insurance industry groups are now stepping forward with their own claims of the bill’s shortcomings , reports the Washington Post . Fearing a backlash from industry lobbyists who previously supported the legislation, White House officials are stressing that the legislation is a work in progress

in the three months since Scott Flanders took over for Christie Hefner as CEO of Playboy Enterprises Inc., he has come to a simple conclusion about its magazine, TV and digital media businesses: Tough way to make money. So in the coming months, Flanders will be placing his bet on two long overshadowed operations: product licensing and Playboy clubs.

When Fairchild Publications announced way back in 2005 that it was going to launch a magazine for the high-end parenting market called Cookie, it felt like ideal zeitgeist timing. You couldn’t walk down the streets of any major American city without getting run over by a perfectly coifed and dressed yummy mummy pushing an infant in a $900 Bugaboo stroller, complete with a $200-plus diaper bag slung over her shoulder.

Bloomberg reports Friday morning that the derivatives lobby has put a bug in the ear of the New Democrat Coalition . JPMorgan Chase, Goldman Sachs, and Credit Suisse lobbied New Dem Reps. Mike McMahon (D-N.Y.) and Melissa Bean (D-Ill.) “to expand the ways the legislation allows dealers and major investors to trade the contracts,” according to Bloomberg .