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Reich thinks structural reform is what needs to be done, not regulation. Between the two approaches, the Wall Street banks would much prefer the regulatory bill. Geitner, Bernanke, Summers and Obama support the bill that the huge Wall Street banks prefer.
ProSense used a trusted, progressive economist's (Reich) quote, "Barack Obama is a regulator" to help readers associate it with "Barack Obama is a progressive President", the headline of her OP.
In this case the word regulator means the opposite of the word progressive.
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