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  • Sweeping Wall Street Reform Bill Advances

    05/20/2010 12:21:17 PM PDT · by Steelfish · 94 replies · 2,682+ views
    MSNBC ^ | May 20, 2010
    Sweeping Wall Street Reform Bill Advances Legislation is one of President Barack Obama's top domestic priorities WASHINGTON - U.S. Senate Democrats nabbed the 60 votes needed on Thursday to advance the biggest overhaul of financial regulation since the 1930s, paving the way for a final vote on passage within days. The legislation is one of President Barack Obama's top domestic priorities. The bill calls for new ways to watch for risks in the financial system and makes it easier to liquidate large financial firms that are failing. It also writes new rules for complex securities blamed for helping precipitate the...