FOR all the recent posturing on Capitol Hill, financial reform is coming. On three consecutive days this week Republicans blocked a motion to allow debate of America's financial-regulation bill to begin on the Senate floor, an obstruction that Harry Reid, the chamber's majority leader, denounced as “absurd and stunning”. The stand-off finally ended on April 28th, when the opposition party's senators, worried about being branded as bankers' friends, agreed to let discussion proceed.

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