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Can (Should) Congress Save the System?

Can (Should) Congress Save the System?

This week, the U.S. House of Representatives will consider a comprehensive set of reforms designed to respond to the recent economic crisis.  H.R. 4173, the Wall Street Reform and Consumer Protection Act, creates a new federal agency (Consumer Financial Protection Agency) tasked with regulating financial products and protecting consumers from unfair and abusive financial products and services.  As proposed, the…

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