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How Wall Street is chipping away at reform

The Week - 21 Dec 2014 16:00
After the financial crisis, Washington vowed to never again let Wall Street "write the rule book for itself," said Edward Luce at the Financial Times. How quaint that promise seems today. Four years after lawmakers passed the Dodd-Frank financial reform act, Wall Street is busy "arm-twisting Congress" to roll back some of the law's toughest rules. Earlier this month, on the brink of a government shutdown, an item written by Citigroup lobbyists was quietly slipped into the $1.1 trillion spending ...
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