At this point the odds are that in response to the most devastating financial crisis since the Great Depression, we will do … nothing.
And while there is plenty of blame to spread around, it’s important not to be too even-handed. The fact is that the Democrat-controlled House has already passed a pretty good reform bill. But in the Senate, well, here’s what the FT reports:
Senate Republicans are resisting a fundamental tenet of the Obama administration’s financial regulatory reforms in another obstacle for the stalled legislative process.
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