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July 12, 2012

Reuters: Recent spate of financial scandals raises ire in Washington

” A fresh burst of scandals, including allegations that major banks tried to manipulate global benchmark interest rates and another case of missing customer funds at a futures brokerage, has raised Washington’s ire on both sides of the political aisle. “

” “Based on what Congress has done up until now as these scandals pop up, no one should think that Congress is going to do anything too serious about this,” said Dennis Kelleher of Better Markets, a nonprofit that advocates stricter regulation of financial markets. “

Read Emily Stephenson’s full Reuter’s story here.

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