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JUL 10, 2013 - Mother Jones

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Senate Democrats Spar Over Wall Street Reform

On Friday, a provision that financial reformers consider a critical part of the 2010 Dodd-Frank Wall Street reform act is set to finally go into effect. This measure was designed keep big banks from engaging in risky trading overseas that could contribute to another economic collapse at home—but Senate Democrats are sparring over whether it should be put into action. The Dodd-Frank law, passed in order to avoid another financial crisis, requires Wall Street regulators to draw up tighter rules governing the trading of derivatives (financial products with values derived ... Read More

Tags: Senate Democrats Spar Over Wall Street Reform,  Heidi Heitkamp Latest News