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Financial reforms takes another step forward

Big news out of the House of Representatives today, as they beat back attempts to kill the Consumer Financial Products Administration and then managed to pass financial reform. The final vote had 223 in the "aye" column, which is slim, though not as slim as health care's 220. I was hoping to link to Mike Konczal's reaction, but he doesn't have anything up yet. What you're going to hear from everybody, though, is some variation of "the Senate will be harder."

By Ezra Klein  |  December 11, 2009; 2:49 PM ET
Categories:  Financial Regulation  
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I appreciate that one nice thing about a large majority is that you can let legislators vote against you sometimes, but still, a whole bunch of really close votes in the House does not send an especially good message. I especially don't like it on an issue like this, where all the pressure to vote no will be coming from the banking industry. A Dem voting no in this case just seems more corrupt than anything.

Posted by: Chris_O | December 11, 2009 5:34 PM | Report abuse

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