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Pisani: Barney Frank Comments a Game-Changer
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CNBC Reporter
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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Berkshire Hathaway (B) [BRK.B
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Berkshire Hathaway (A) [BRK.A
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Questions? Comments?
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- Hostage to Headlines
- Facebook Analyst Reports All Over the Map
- More Fallout From the Facebook Fiasco
- Facebook and Morgan Stanley's 99 Problems
- Lousy Economic Numbers, but Stocks Hold Up
- Eurobond Talk: Good News and Bad News
- Hopes Fading for Big Announcement From EU Leaders
- European 'Crisis Tennis' Again
- Facebook IPO 'Conspiracy' Theories Abound
- OK, Facebook Is Embarrassing
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