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Elizabeth Warren Says Dodd-Frank Will Be Casualty of Fast-Track Trade Bill

Sen. Elizabeth Warren (D-MA) delivers remarks during the Good Jobs Green Jobs National Conference at the Washington Hilton April 13, 2015 in Washington, DC.

Sen. Elizabeth Warren (D-MA) delivers remarks during the Good Jobs Green Jobs National Conference at the Washington Hilton April 13, 2015 in Washington, DC.

Photo by Chip Somodevilla/Getty Images
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U.S. Senator Elizabeth Warren warned that granting President Barack Obama trade-negotiating authority will help Wall Street in its long campaign to roll back rules imposed on banks after the 2008 financial crisis.

“This is hardly a hypothetical possibility: We are already deep into negotiations with the European Union on a trade agreement and big banks on both sides of the Atlantic are gearing up to use that agreement to water down financial regulations,” Warren, a staunch opponent of granting the president “fast-track” trade powers, said in a speech in Washington Tuesday.