Dean Baker: ‘Reform Bill Will Improve Regulation in the Financial Sector’

Washington, D.C.- Dean Baker, co-director of the Center for Economic and Policy Research (CEPR) issued the following statement on the passage of the financial reform bill by Congress:

"The final bill passed by the Senate today and already approved by the House of Representatives will improve regulation in the financial sector. However, given the severity of the economic crisis caused by past regulatory failures, the public had the right to expect much more extensive reform.

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