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Cost Benefit Analysis

As Wall Street Fights Regulation, It Has Backup on the Bench

 

"Deep in enemy territory, Wall Street has found a powerful ally.

An appeals court in Washington has become ground zero for legal challenges to financial reform. Over the years, judges have rejected several major rules, saving financial firms millions of dollars in compliance costs and exposing government regulators to further litigation.

As regulators once again take aim at Wall Street with the Dodd-Frank regulatory overhaul, the financial industry is racing to fill the docket of its favorite court."

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