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Dodd to Unveil Regulatory Overhaul Without GOP

HeadlineMar 12, 2010

In other congressional news, a bipartisan effort at overhauling financial regulation has collapsed. On Thursday, Senate Banking Committee Chair Christopher Dodd said he would unveil his own bill on Monday after failing to reach agreement with Republican Senator Bob Corker. The news comes as a new poll shows a wide majority of Americans support a major overhaul of financial regulation. The Harris poll says 82 percent want the government to limit excessive bonuses and salaries at bailed-out firms. A slight majority of Americans disagreed with the statement that what’s good for Wall Street is good for the United States. Two-thirds of Americans agreed with a statement that most people on Wall Street would break the law if they believed they could profit without getting caught.

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