After a year of posturing over regulatory reform by policymakers and bankers, both sides are taking off the gloves as Congress prepares for a decisive vote. And although the banks lost a few early battles, the odds are fair that thernindustry will emerge from the war with fewer scars than many expect.rnThe prospect of wide-ranging reform increasedrndramatically late last month when Republicans agreed to allow debate to proceed on a reform bill drafted by the chairman of the Senate Banking Committee, Christopher Dodd. The move came a day after CEO Lloyd Blankfein and other toprnexecutives of Goldman Sachs Group endured an 11 -hour verbal bashing from a Senate committee over the firm's marketing of a collateralized debt obligation that blew up in 2007.
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