Opinion: Financial overhaul is necessary but not urgent

03/12/2010 | Wall Street Journal, The

An announcement by Christopher Dodd, chairman of the Senate banking committee, that he will introduce a bill to overhaul financial regulation that does not have Republican support is likely good news, according to this Wall Street Journal opinion piece. The move means that a "rushed and ill-thought reform" bill likely will not pass this year. "Financial reform is still necessary, but not to meet some urgent distress."

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