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Frank-Dodd “Financial Reform” Monstrosity on the Way

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Posted on July 15 2010 10:49 am
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by Michelle Malkin

With GOP assistance on its drafting and three reported Republican votes all but guaranteeing its final passage in the Senate (Snowe, Collins, and Scott Brown), the Dodd-Frank monstrosity masquerading as “financial reform” is on its way.

Read and weep:

A sweeping overhaul of the nation’s financial regulations stands on the verge of reaching President Barack Obama’s desk after a year of partisan struggles and delicate cross-party courtships that promised more and delivered less. Only three Senate Republicans say they will vote for the bill during a key vote Thursday that will set the stage for final passage. But the bill bears the fingerprints of many others in the GOP.
Senate Banking Committee Chairman Chris Dodd, D-Conn., negotiated several provisions with key committee Republicans such as Richard Shelby and Bob Corker. Neither, though, intends to vote for the bill.

…Several 60-vote cliffhangers later, the bill is now two roll calls away from heading for Obama’s signature and becoming law. For a president hungry for good news, passage Thursday would be a welcome achievement.

Read more at Michelle Malkin

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