Democracy Now: Congress Negotiators Approve Financial Regulation Overhaul

Congressional negotiators finalized a landmark bill early today to overhaul financial regulations. The New York Times reports members of the Senate-House conference committee approved proposals to restrict trading by banks for their own benefit. In addition, banks and their parent companies will be required to segregate much of their derivatives activities into a separately capitalized subsidiary.

~ by wheresthemic on June 25, 2010.