Another Major Milestone for Obama

The Wall Street Reform Bill

A big event takes place today, President Obama's signing of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  The Senate had a hard time getting to the 60 votes necessary to break the fillibuster preventing the bill from coming to the floor for a vote.  The bill is a major step forward in reversing the many years of deregulation that resulted in the worldwide crash of banking systems.  Senator Ted Kaufman (D, Delaware) gives a thoughtful analysis of the many accomplishments of the bill and the ways it should be strengthened in future legislation in "The Wall Street Reform Bill: How Much Did We Lose Getting to 60?"

Jim Meffert on Reinstating Glass-Steagall

to Strengthen Financial Reform

The reinstatement of the Glass-Steagall Act, supported by CD3 Candidate for the U.S. House Jim Meffert, would strengthen the separation of investment from commercial banking that Kaufman explains depends to a great deal on regulators in the current bill.  See Jim Meffert's 2 minute video on the need for further financial regulation.

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