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US House passes historic Wall Street overhaul

Daily newsbrief journal for June 2010
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US House passes historic Wall Street overhaul

Postby admin » Wed Jun 30, 2010 6:45 pm

US House passes historic Wall Street overhaul
from France24 - Business by admin
The US House of Representatives gave its final approval to the biggest overhaul of Wall Street rules since the Great Depression of the 1930s, leaving the landmark bill in the Senate's hands.

Lawmakers voted 237-192, along party lines, to give regulators an arsenal of new weapons against risky investment practices blamed for the 2007-2009 global financial meltdown and hand President Barack Obama a major political win.
http://www.france24.com/en/20100701-us- ... t-overhaul
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