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Wall Street and Republican Lawmakers Thwart US Financial Reforms

By Dominic Rushe
Published June 26 2011 Guardian

It's almost a year since Barack Obama signed the "strongest consumer financial protections in history." Thanks to the Dodd-Frank bill, drawn up in the aftermath of the worst financial crisis in living memory, America "would never again be asked to foot the bill for Wall Street's mistakes," the US president declared, back in July 2010.

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