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By Clive Crook
Published: June 20 2010 19:06 | Last updated: June 20 2010 19:06
A US House-Senate conference has started work on merging the chambers' respective financial reform bills. This tortuous process still has some way to go. The good news is that the plans are similar, and not that different from the blueprint suggested by the administration last year. Agreement will most likely be reached, and the final measure will tick the main boxes. It will be better than nothing. The bad news is that it will be no more than a start.
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