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On the Financial Regulatory Reform Bill


On the Financial Regulatory Reform Bill

Senator Russ Feingold

WASHINGTON - “Thebill does not eliminate the risk to our economy posed by ‘too big tofail’ financial firms, nor does it restore the proven safeguardsestablished after the Great Depression, which separated Main Street banks frombig Wall Street firms and are essential to preventing another economicmeltdown. The recent financial crisis triggered the nation’s worstrecession since the Great Depression. The bill should have includedreforms to prevent another such crisis. Regrettably, it did not.”