Last night Congress passed a financial reform bill for Obama to take with him to the G8. He says the bill includes 90% of the changes he had proposed. For details on what aspects made the bill see Bloomberg: Biggest Wall Street Revamp Since 1930s Approved. For a top 10-point summary see: Here are the key points you need to know.
I don't expect miracles out of this bill, but I do think that a few of the key changes will help restore some desperately missing oversight and regulation on the financial sector. I also think certainty and clarity on the overhaul will help markets to re-price and reassess future growth which is one of the many steps needed to get the world economy back on a sustainable path.
Follow
____________________________
____________________________
Danielle’s Book
Media Reviews
“An explosive critique about the investment industry: provocative and well worth reading.”
Financial Post“Juggling Dynamite, #1 pick for best new books about money and markets.”
Money Sense“Park manages to not only explain finances well for the average person, she also manages to entertain and educate while cutting through the clutter of information she knows every investor faces.”
Toronto SunSubscribe
This Month
Archives
Log In