Thursday, July 15, 2010

Wall Street accountability increased by Senate bill - sweeping reform predicted

Image: Sen. Debbie Stabenow

Massive 2,300-page bill is aimed at averting another financial crisis

Congress on Thursday passed the stiffest restrictions on banks and Wall Street since the Great Depression, clamping down on lending practices and expanding consumer protections to prevent a repeat of the 2008 meltdown that knocked the economy to its knees.

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