A milestone for financial reform, but skeptics remain

Published July 1, 2016 4:01am ET



Advocates of the stricter post-crisis financial reform had two reasons for encouragement this weekend, but skeptics still aren’t ready to say that the problem of potential future bailouts is resolved.

First, General Electric Capital was released from the federal government’s clutches. Having sold off a large chunk of its business, the firm no longer represents a threat to the financial system, the Financial Stability Oversight Council officially announced Wednesday.

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