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April 14th, 2010
03:15 PM ET

Wall Street reform: Washington's next battle

Congress is taking on proposals to reform Wall Street and prevent future financial collapses.

Congress is taking on proposals to reform Wall Street and prevent future financial collapses.

Jennifer Liberto
CNNMoney.com

With the health care fight and two weeks at home behind it, Congress is taking on proposals to reform Wall Street and prevent future financial collapses.

Nothing has really changed since the Senate Banking panel passed an overhaul measure along party lines in late March – except that the rhetoric on both sides has sharpened.

Senate Minority Leader Mitch McConnell, R-Ky., came out swinging Tuesday and Wednesday, slamming Banking Committee chairman Christopher Dodd's bill as a "perpetual taxpayer bailout of Wall Street banks."

Dodd, D-Conn., defended the bill on Wednesday, saying that nobody likes bailouts and "under our proposal they'll never happen again." Dodd also denied accusations he didn't work with Republicans on the bill and called their accusations "poppycock."

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soundoff (One Response)
  1. Jim Carroll

    The big lie about the national debt, deficit spending and social
    security going broke: go to internetfreepress.com and see for
    yourself.

    April 14, 2010 at 1:58 pm |

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