House, Senate lawmakers reach a deal on financial reform
Friday, June 25, 2010 - 05:35
in Mathematics & Economics
The sweeping legislation, an attempt to prevent a repeat of the financial crisis, would create a consumer protection bureau, impose tough regulations on derivatives and grant the government power to seize and dismantle teetering firms. Ending more than two weeks of often-contentious negotiations, House and Senate lawmakers reached agreement early Friday on the most far-reaching rewrite of financial rules since the Great...