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Monday, April 26, 2010

Public wants stricter financial reform

Polls are all well and good, but the public was on our side on health care reform as well, then the repugicans lied about it, a lot.
At least on financial reform the Democrats are hitting back hard.

Washington Post:
About two-thirds of Americans support stricter regulations on the way banks and other financial institutions conduct their business, according to a new Washington Post-ABC News poll.

Majorities also back two main components of legislation congressional Democrats plan to bring to a vote in the Senate this week: greater federal oversight of consumer loans and a company-paid fund that would cover the costs of dismantling failed firms that put the broader economy at risk.

A third pillar of the reform effort draws a more even split: 43 percent support federal regulation of the derivatives market; 41 percent are opposed. Nearly one in five - 17 percent - express no opinion on this complicated topic.

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