After months of debate and compromises that left some members of both parties less than thrilled, President Obama signed the financial reform bill into law this morning, which means that all problems with all banking is fixed forever… right?
financial reform bill
Two weeks after finally getting through the House of Representatives in a heavily edited form, the financial reform bill was passed by the Senate earlier today by a vote of 60-39.
Bankers are planning to tighten the purse strings when it comes time to donate to political campaigns as a way of letting elected representatives know they’re not too happy about the whole financial reform thing.
It doesn’t look like it’s going to make President Obama’s July 4 deadline, but the financial reform bill did manage to squeak through the House of Representatives on Wednesday with a final vote of 237-192.