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(New York Times) — Congress creates federal agencies, expands them, sometimes renames or overhauls them. But it almost never gets rid of them. So perhaps the most remarkable piece of the financial regulation bill that Democrats hope to send the president next week is the directive to dismember and close the Office of Thrift Supervision. The decision is all the more remarkable because it cuts against the grain of a bill devoted to expanding federal regulation, and because it has had virtually no opposition, save for the obligatory protests of the agency’s senior management.

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