Just when it appeared financial modernization legislation was finally dead for this year, the House leadership resuscitated it. An ad hoc group headed by Rep. John Boehner, R-Ohio, has been given the task of trying to push the bill through the House.

Neither the Banking Committee nor the Commerce Committee has been able to fashion an acceptable package. Barring a miraculous change of attitude and approach by lawmakers, the "Boehner Committee" is unlikely to succeed where the others have failed.

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