FINANCIAL TIMES: …While Republican leaders have not placed much emphasis on softening Dodd-Frank in their public statements — partly due to continued public suspicion of Wall Street — their legislative action shows that unpicking the act is a high priority…
The White House has already said the president would veto the House bill if it passes the Senate too, saying it would undermine attempts to “prevent the kinds of excessive risk taking that caused the worst recession in more than 70 years”.
But Dodd-Frank supporters fear Republicans will try to tack Wednesday’s bill and others on to larger pieces of legislation that it will be harder for the president to reject… (more)
