The banking committees, both House and Senate, have always been largely nonpartisan. While Democrats and Republicans argue loudly over the great issues of state elsewhere in Congress, they tend to work together on matters involving banking.

Glass-Steagall repeal and regulatory consolidation, it seems, just don't have the partisan oomph of health care reform or defense budgets. As a result, divisions on the banking committees have been determined more by home-state constituencies and political contributions than by party affiliations.

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