Instead, Romney may give the financial industry something itwants more: a revamped Dodd-Frank that would accommodate some ofthe most profitable and riskiest activities while preserving apatina of protection for investors and consumers.

“There's this perception that banks hate everything inDodd-Frank, and that's just not true,” said Mark Calabria, a formertop Republican aide on the Senate Banking Committee. “From a bank'sperspective, you'd rather have piecemeal reform of Dodd-Frank, notonly because there are things in the law you want to keep, but alsobecause you're going to have more control over the process.”

Congressional Republicans have already laid out the roadmap.

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