Reform Bill a ‘Takeover’ of the Banking Industry

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Senate Republican leaders on Tuesday unleashed a barrage of criticism at the far-reaching financial regulatory legislation being debated on the Senate floor, indicating that many of the party’s leaders were prepared to vote against the bill.

Republicans accused Senate Democrats and the Obama White House of orchestrating a “government takeover” of the financial industry and suggested that the bill would severely harm businesses on Main Street...

[I.e., it makes it harder for small community banks while largely exempting the mega-banks that contributed to the melt down based on their being too big to fail...]

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