Washington — Fresh from victories that gave them control of the White House and stronger majorities in the House and Senate, Democratic lawmakers vowed Wednesday to stem the fallout from the financial crisis and take a cautious approach to regulatory restructuring.
In an interview Wednesday, House Financial Services Committee Chairman Barney Frank said he plans to resurrect a bill that would rein in subprime lending practices. The House passed that bill last year, but it stalled in the Senate. The Massachusetts Democrat said he was hopeful it would have a better chance now that his party has picked up at least five seats in the Senate.
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