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Senate Nears a Showdown on Financial Reform

“You know the interesting thing about us picking ... the $50 billion fund is that it plays right into the hands of the administration, because they don’t want this $50 billion fund,” Corker said. “What they want to do is come right back around and tax the banks, and if there’s a $50 billion pre-fund, it keeps them from being able to do it. So I don’t understand why our line of attack has been over that fund.”

Corker said he is content to stick with his fellow Republicans against the bill as long as he feels both sides continue working toward a bipartisan deal that he can fully support.

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