Where Are We On Financial Reform ?

DC Update:

In the Senate, we have two proposals: The Dodd plan, which is limp ineffective series of toothless proposals that fail to address what the crisis. And there is the Kaufman Reform plan, which is much more aggressive in attacking the root of the problem.

In the House, we have Barney Frank’s plan, which originally looked like it had some teeth. Since it was first floated, however, I’ve heard nothing more on it.

Is there any chance we are going to get some sort of viable reform legislation anytime soon?

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