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Sunday, July 18, 2010

postheadericon The Wall Street reform bill: how much did we lose getting to 60? (Sen. Ted Kaufman)

After months of careful consideration, landmark financial reform legislation moves towards final passage. While this bill is a vast improvement over the existing regulatory structure, I believe it should go further with respect to erecting statutory walls that address the fundamental problem of "too big to fail." I will support the conference report, though I do so with significant reservations about a missed opportunity to enact needed structural reforms that would better prevent another financial crisis.

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