Ignore the political posturing. Congress will pass the Wall Street reform bill.

Who's winning, who's losing, and why.
April 26 2010 8:03 PM

Too Big To Fail

Ignore the political posturing. Congress will pass the Wall Street reform bill.

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After the vote, negotiators will continue doing their work while their colleagues try to squeeze one last bit of politics out of the delay. Last week, a Pew poll found that people have their lowest opinion of Congress in 25 years. If legislation does finally pass, perhaps it will improve those numbers. Then again, given the way Congress is proceeding in public, perhaps ratings will drop further. Maybe Lloyd Blankfein, the CEO of Goldman Sachs who is scheduled to testify before the Senate tomorrow, can give members some advice about short selling their own stock.

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Correction, April 27, 2010: This article originally stated that the public supported reform legislation. The poll did not ask about the legislation specifically but about reform overall. Thanks to Kevin Clark. ( Return to the corrected sentence.)