Republican's plan to weaken Dodd-Frank spotlights U.S. political divide

By Dan Freed NEW YORK (Reuters) - The chair of the U.S. House Financial Services Committee on Tuesday proposed wiping out much of the U.S. regulation put in place after the financial crisis with a plan expected to ignite debate in the presidential election but flame out in Washington. In a sweeping speech at the Economic Club of New York, Republican Representative Jeb Hensarling, from Texas, presented his ideas on weakening the 2010 Dodd-Frank Wall Street reform law just as polls opened in six s