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May 20, 2010

Dodd Abandons Effort to Weaken Derivatives Measure
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Senate Banking Committee chair Christopher Dodd meanwhile has abandoned
his effort to weaken a provision that would ban Wall Street firms from
acting as brokers for most forms of derivatives trades. Dodd had called
for suspending the ban for two years and allowing the US Treasury to
cancel it altogether. But on Wednesday, Dodd said he won’t bring his
amendment up for vote.



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