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Stock Jul 2010- "Stock Market: Wall Street Reform and Positive Trends"

Stock Jul 2010- "Stock Market: Wall Street Reform and Positive Trends"

Stock Jul 2010- "Stock Market: Wall Street Reform and Positive Trends"

Excerpt


Stock Market: Wall Street Reform and Positive Trends


On the last Friday of June, legislators unveiled a new bill designed to reign in risk-taking by financial institutions; provide consumers with protection from dicey financial products; and prevent a recurrence of the crises brought about when super-large, interconnected banks required government intervention to prevent a national economic meltdown. The bill – known as the Dodd-Frank bill after the respective heads of the Senate Banking and House Financial Services Committees – is a huge document containing a myriad of reforms plus checks and balances. It will take some time for financial analysts and banking experts to review and understand all the details. 



 


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