WASHINGTON, DC -- Just over a hundred years ago, the United States led the world in terms of rethinking how big business worked -- and when the power of such firms should be constrained. In retrospect, the breakthrough legislation -- not just for the US, but also internationally -- was the Sherman Antitrust Act of 1890.
The Dodd-Frank Financial Reform Bill, which is about to pass the US Senate, does something similar -- and long overdue -- for banking.
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