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May 13, 2010

Sen. Dorgan Criticizes Efforts to Reform Wall Street
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In other financial news, Senator Byron Dorgan of North Dakota gave an
impassioned speech on the floor of the Senate Wednesday saying the
Senate’s proposals to reform Wall Street don’t go far enough.

Sen. Byron Dorgan: “If we have institutions that are too big to fail,
that is, so large that they cause moral hazard to this country, should
they fail, so large that they cause completely unacceptable risks of
bringing the country’s economy down, should they fail, if we don’t do
something about that, we cannot claim ever that we have done something
about this system.”



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