Friday, April 15th, 2016

Senate passes Financial Reform bill 60-39

Major wall street reform has passed the Senate 60-39  and is sent to President for signature. Two years after a major financial crisis brought this country to it knees, a major  reform has been passed that will ensure nothing like this happens again. The bill has been President Obama’s top domestic priority after the passage of health care legislation, and in some ways, the bill is tougher than what he sought.

The stock market is taking it modestly and not selling off into the sunset , at least  as of this writing.

The legislation cracks down on banks and Wall Street in the hopes of avoiding another major financial meltdown. The Senate’s 60-39 vote came nearly two years after a financial crisis knocked the U.S. economy to its knee

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