The landmark legislation approved by the Senate on Thursday evening represents the most profound restructuring of financial regulation since the Great Depression. Here are some of the highlights of the bill, which was born out of the wreckage of the recent financial crisis, and the problems it is designed to address.
SOURCE: Staff reports | Brady Dennis and Alberto Cuadra/The Washington Post - May 21, 2010
Lawmakers guide Wall Street reform into homestretch Article | Nearly two years after tremors on Wall Street set off a historic economic downturn, congressional leaders greenlighted a bill early Friday that would leave the financial industry largely intact but facing a more powerful network of regulators who could impose limits on risky activities.
Reform to mete out penalties, prizes Article | Even as the landmark financial bill passed by the Senate this week punishes some of the most famous companies in American finance, it may reward little-known firms that operate behind the scenes, below the radar or overseas.