Sunday, March 14, 2010

Dodd Set for Finance Reform Bill Push

This article is about how congress now is seeking to put regulation on financial institutions. The draft legislation is seeking to push through reform that would be bi-partisan but there are clearly road blocks to Mr Dodd's aspirations to get the legislation signed within the next few weeks.
Ultimately the bill is seeking to regulate the over -the counter derivatives as well as to seek a way to combat the notion of too big to fail to allow institutions to wind down in an orderly fashion. Lastly it will also seek to protect consumers and additional regulations with regards to loans.

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