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Thursday, July 1, 2010

Wall Street Reform

Beyond laizze faire - runs amok

NancyPelosi | June 30, 2010 - Speaker Nancy Pelosi spoke on the House floor in support of the conference report of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which passed the House this evening by a vote of 237 to 192. The legislation now goes to the Senate, which is expected to approve it soon and send it to President Obama for his signature into law.

Learn more about the bill at http://www.speaker.gov/newsroom/legislation?id=0382

Gerald Celente: Wall Street Bill a Joke

RussiaToday | June 26, 2010 - The U.S. Congress has all but finalized what's been described as the biggest reform of the country's financial regulations, since the Great Depression.

The new measures aim to protect consumers and put tighter controls on Wall Street's biggest hitters. It will impose strict limits on banks' ability to take risky speculative bets on markets. The bill represents a second major legislative victory this year for President Barack Obama - following healthcare reform.

But Gerald Celente, the director of the Trends Research Institute, says the regulations are destined to fail.

More Wall Street Bailouts

RepMicheleBachmann | June 30, 2010 - This Financial Reform bill will only strengthen the partnership between big government and Wall Street as families and small businesses on Main Street continue to struggle.