New York's U.S. Sens. Charles Schumer and Kirsten Gillibrand, along with four other Democratic senators, were wrong to seek Treasury Secretary Jack Lew's help in shelving cross-border guidelines from the Commodity Futures Trading Commission, in a letter asking Lew to delay implementation of the rules until after a separate set of rules is written by the Securities and Exchange Commission, The New York Times' editorial board argues. The senators are taking a position in opposition both to the majority of their own party and to the cause of reform, the board writes.

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