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By Robert Reich
Published: May 23 2010 21:09 | Last updated: May 23 2010 21:09
Two cheers for Senator Christopher Dodd and Senate Democrats who, along with four Republicans, have passed the most sweeping reform of financial markets in 80 years "“ 1,500 pages of financial and regulatory detail guaranteed to make your eyes glaze over.
The bill was long in coming and must now be reconciled with a similar bill passed by the House of Representatives last December (on a 223-202 vote, with 27 Democrats joining unanimous Republican opposition), before it can be signed into law.
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