A group of gutless Senate Democrats seem downright eager to grovel to Wall Street and help Republicans roll back financial reform. In 2010, the Dodd-Frank Act imposed a slew of new regulations on Wall Street in an attempt to prevent a repeat of the disastrous 2008 financial crisis. The law was always imperfect — but its intentions were good, and many of its core elements (like the creation of the Consumer Financial Protection Bureau) have been solid. But now, a bill shepherded by Senate...

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