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Republicans Clash Over How to Prevent Another Financial Crisis

The contentious debate exposes a battle for the soul of the Republican Party as Jeb Bush elbows his way back into the fray.
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GOP Hopefuls Talk Taxes, Economy at Milwaukee Debate

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The Republican Party's leading presidential candidates clashed over how to reform the nation's financial system and handle immigration in their fourth debate on Tuesday, exposing deep rifts and starkly different strategies for winning the election. 

Appealing to the populist mood of the electorate, former Florida Governor Jeb Bush, in a more animated performance than he has delivered in past debates, argued for higher capital requirements for banks to protect against a repeat of the 2008 financial crisis. Ohio Governor John Kasich, a former managing director of the Lehman Brothers, blamed Wall Street for showing “too much greed,” and Senator Ted Cruz of Texas said big banks “absolutely” never should be bailed out again.