US Senate Approves Wall St. Reform Bill

The U.S. Senate approved a sweeping overhaul of Wall Street regulation that would create a consumer protection agency, strengthen oversight of derivative trading and ban proprietary trading at banks. “When this bill becomes law, the joyride on Wall Street will come to a screeching halt,” Senate Majority Leader Harry Reid, a Nevada Democrat, said after the Senate’s 59-39 vote – Bloomberg

Be the first to comment

Leave a Reply

Your email address will not be published.