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Sen. Warren Shows Taking on Wall Street Is Good Politics


The past week has brought a string of stronger-than-expected earnings from the nation’s biggest banks and brokers. But investors focused on the results and forward guidance may be missing a bigger and potentially more important story that's also unfolded in the past week: A series of developments suggesting regulators may be (finally) ready to get tough on the industry.

Most notably, a bipartisan group of Senators led by Elizabeth Warren (D-MA) and John McCain (R-AZ) proposed reviving Glass-Steagall, which