Elizabeth Barrette (ysabetwordsmith) wrote,
Elizabeth Barrette

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House Approves Financial Regulation

I was pleased by this news.  I don't think it goes far enough, but it's a step in the right direction.

House Approves Sweeping Regulatory Reform Package
Brady Dennis, The Washington Post: "More than a year after the near-collapse of Wall Street plunged the economy into crisis, the House on Friday approved the most sweeping overhaul of the nation's financial regulatory system since the Great Depression.... The 223 to 202 vote, largely along party lines, marked a milestone in the Obama administration's efforts to rein in the abuses that contributed to the current crisis and to revamp the current patchwork of regulators to prevent similar failures in the future. The president has called financial reform one of his top priorities, alongside health care and climate change."ˆ
Tags: activism, economics, news, politics
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