Claims of U.S. financial reform presuppose great leap of hope
LONDON — Champagne cork headlines were popping all over the United States the week before last when the Senate passed financial reform measures variously described as “a sweeping overhaul of the big banks” . . . “the biggest changes for generations” . . . “the greatest cleanup since the Great Depression” . . . “leaving few corners of the financial industry untouched.” Such headlines should make …
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