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Pisani: Barney Frank Comments a Game-Changer

Rep. Barney Frank, chairman of the House Financial Services Committee, said on our air that he would support bank rule changes—but only over a longer time frame, which he said would be in the range of "three to five years."

This is a major statement and completely changes the tenor of the reform conversation.

The S&P 500, which had been sitting near the lows of the day, rose about 5 points on that news...though still down 15 points on the day.

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CNBC Data Pages:

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CNBC's Companies in the News:

Goldman Sachs

AIG

Oracle

Berkshire Hathaway (B)

Berkshire Hathaway (A)

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  • A CNBC reporter since 1990, Bob Pisani covers Wall Street from the floor of the New York Stock Exchange.

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