Senators Shrug Off 'Flaws' in Financial Reform Bill

Summary

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Pass a massive bill these days and it's hard to come by a completely glowing critique.

Even many of those who voted for it said the financial reform bill was only a "step in the right direction." After the late Thursday passage of the financial reform package, lawmakers issued a barrage of press releases decrying or celebrating the bill, often with the same message - it doesn't go far enough. Republican opponents said the bill would put too much power in the hands of the government. Those who voted for it, including both Iowa senators, said it was a good start, but they would like to see more reforms.

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Extract

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Senators Shrug Off 'Flaws' in Financial Reform Bill

"I voted for this measure because it is a step in the right direction," U.S. Sen. Tom Harkin, D-Iowa, said. "This bill will create a strong consumer financial protection bureau that will put a stop to a whole range of predatory financial practices targeting ordinary Americans."

Th...

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